Govt Approves Eight Toy Manufacturing Clusters Worth Rs 2,300 Crore To Boost India’s Traditional Toys Industry

In a big Make in India push for domestic manufacturing of toys, the Government has given approval for the building of eight toy manufacturing clusters at a cost of Rs 2,300 crore, reports Economic Times.

The Government is looking to establish the eight toy clusters under the existing set of schemes such as the Scheme of Fund for Regeneration of Traditional Industries (Sfurti). Once set up, these will boost the manufacturing of toys made of wood, lac, palm leaves, bamboo and fabric.

The Sfurti scheme offers incentives such as skill development, capacity building, creation of facilities such as common facility centres, rehousing facilities and marketing and e-commerce assistance to local industries.

It should also be noted that the Government's approval for the eight new toy manufacturing clusters has come ahead of the India Toy fair-2021 which is to be held from 27 February to 2 March.