Reasons to Invest
World’s second largest producer of polyester and related fibers with 8% global share for plush toys.
Domestic toy demand forecasted to grow at 10-15% against global average of 5%
The toys industry in India has the potential to grow to $2-3 bn by 2024.
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100% FDI is allowed under the Automatic Route

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Trade Scenario
- Toys

All toy products under category HS Code 9503 benefit from a preferential tariff structure under APTA (Asia Pacific Trade Agreement) and AIFTA (ASEAN India Free Trade Area). As such, the imposed duties on toy imports of 60% are effectively reduced to up to 34.2% under APTA and 0% under AIFTA subject to FTA conditions.

India has been importing toys of an average value of $285 mn for the last 3 years under the Chapter 9503.

Toys exports from India amounted to $130 mn during 2019-2020 with USA and UK being the lead exporters

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Team Blogs
Jan 15, 2021
The Indian toy industry dates back to the Indus Valley…
Jan 05, 2021
In a press conference late this evening, Union Minister…
Dec 11, 2020
Being a major non-debt financial source, Foreign Direct…