SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 30 Jun, 2012  

toy_bizTHMB.jpg 'Foreign brands rule Indian toy market'

toy_biz_2011.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
Saurabh Gupta | 30 Jun, 2012

Domestic toy manufacturers are increasingly feeling the pressure of globalization as two third of Indian toy market is ruled by the foreigner brands, mainly from China.

"Indian toy market is estimated to be around Rs 10,000 crore, out of which only Rs 2,500 crore is contributed by the domestic players. Rest is mostly coming from China. It is affecting the domestic manufacturers and we want a level playing field," The Toy Association of India (TAI) President Raj Kumar told media at 6th Toy Biz International, begins in New Delhi on Saturday.

Asked what steps the government must take to help the domestic players, he said, "We need clarity on the taxation structure on toys. Currently it varies from 0-15 percent, and categorisation of toys is very vague and confusing."

He further said proper attention must be given to the toy industry and concrete steps -- such as the setting up of two toy zones in Mumbai and Delhi as recommended by the National Productivity Council (NPC) in 2009 -- must be taken.

The Rs 2,500 crore domestic market is growing at a rate of 15 percent per year. India is the world's 19th largest exporter and 10th largest importer, he said.

The global toy market is estimated to be around USD 85 billion and India contributes only about 1.5 percent of that.

Nearly 70 percent domestic toys are made in the National Capital Region, while Mumbai accounts for 25 percent. The rest of the toys are manufactured in Andhra Pradesh, Gujarat, Karnataka, Maharashtra, Punjab, Tamil Nadu, Uttar Pradesh and West Bengal.

The 6th Toy Biz International, a business to business exhibition, which was kicked off at Pragati Maidan on
June 3 will be held till July2.

Kumar said, "In this exhibition, 5,000 buyers are expected and 10,000 visitors are likely to attend. Total 85 stalls are there, out of which 5 are foreign exhibitors," he added.

On the business expectations from the expo, Kumar said about Rs 1,500 crore business were generated in the last year's exhibition. "We are expecting little over than this during the ongoing show" he said.

Kumar said India employs around 30 lakh workers in toy manufacturing business, out of which 70 percent are women.

"There are 1,500 toy manufacturing units in the organised sector, besides innumerable unorganised units," he added.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
 
 
About Us  |  Contact Us  |  Feedback |  Success Stories |  Tradeindia in News  |  Get Listed | 
Sitemap  |  Terms of Use |  Useful Links |  Trade Bodies
Follow Us : Facebook Twitter