Reasons to Invest

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

How We Help Investors

Research Content Provider

Research Content Provider

Location Analysis

Location Analysis

Policy Advisory/Representation

Policy Advisory/Representation

Stakeholders Meeting

Stakeholders Meeting

Issue Resoution

Issue Resoution

Regulatory Clearance Facilitation

Regulatory Clearance Facilitation

FDI Norms

100% FDI is allowed under the Automatic Route
FDI
100%

FDI Allowed

Government Support

Central Government Schemes
  • Scheme For Granting Recognition & Registration To In-House R&D Units
  • Remission Of Duties & Taxes On Exported Products (RoDTEP)
  • Duty Drawback Scheme
  • Export Promotion Capital Goods (EPCG) Scheme
  • Custom Bonded Warehouse Scheme
  • Increase in BCD for Electronic Toys (under HSN 9503) from 5% to 15% to encourage domestic manufacturing.
State Incentives
  • Capital subsidy
  • Stamp duty exemption
  • Interest subsidy
  • Tax reimbursement
  • Electrical duty exemption  
Product Specific Industrial Cluster Development Program

Karnataka is creating India's first toy cluster in the district of Koppal, developed in partnership with Aequs Infra, provides state of the art industrial infrastructure with power, water, internal roads, and waste disposal facilities and common facilities like customs, security, and a Centre of Excellence. The cluster provides a built to suit, self-sustained ecosystem spread over 400 acres of land, including an SEZ to serve export markets and domestic tariff area (DTA) for the domestic market. It has the potential to create 40,000 jobs in five years and attract over INR 5,000 crore in investments. 

Trade Scenario

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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.
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India has been importing toys of an average value of $285 mn for the last 3 years under the Chapter 9503.
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Toys exports from India amounted to $130 mn during 2019-2020 with USA and UK being the lead exporters
toys

Major Investors

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Value Chain Assessment

Infrastructure Map

Team Blogs

Feb 03, 2021
The Budget for the Aspirational “New India”

As India revives from the shackles of Covid-19 pandemic and…

Toys
Jan 29, 2021
Back to Growth: Interview with R Jeswant, CEO, Funskool India

1. How do you see the major trends that you witnessed…

Indian toy sector
Jan 15, 2021
Charting the growth story of the Indian Toy Industry

The Indian toy industry dates back to the Indus Valley…

FAQ

FAQs

What are the objectives of the scheme for setting up of plastic parks in India?

The major objectives of the scheme are:
1) Increase the competitiveness, polymer absorption capacity and value addition in the domestic downstream plastic processing industry through adaptation of modern, research and development led measurers.
2) Increase investments in the sector through additions in capacity and production, creating quality infrastructure and other facilitation to ensure value addition and increase in exports.
3) Achieve environmentally sustainable growth through innovative methods of waste management, recycling, etc.
4) Adopt a cluster development approach to achieve the above objectives owing to its benefits arising due to optimization of resources and economies of scale.

For more details, please visit the following link. 

Was it helpful?

What are the objectives of the scheme for setting up of plastic parks in India?

The major objectives of the scheme are:
1) Increase the competitiveness, polymer absorption capacity and value addition in the domestic downstream plastic processing industry through adaptation of modern, research and development led measurers.
2) Increase investments in the sector through additions in capacity and production, creating quality infrastructure and other facilitation to ensure value addition and increase in exports.
3) Achieve environmentally sustainable growth through innovative methods of waste management, recycling, etc.
4) Adopt a cluster development approach to achieve the above objectives owing to its benefits arising due to optimization of resources and economies of scale.

For more details, please visit the following link. 

Was it helpful?

Can my company use plastic bags and plastic packaging?

According to the Plastic Waste Management Rules 2016, there is a complete ban of the manufacture, supply and storage of polythene bags and other plastic items such as cups, plates, spoons, and glasses in many states with a partial ban in some states like Maharashtra, West Bengal, Goa, Kerala etc. Some states permit polythene bags above 50 microns thickness.

For more information, click here.

Was it helpful?

Can my company use plastic bags and plastic packaging?

According to the Plastic Waste Management Rules 2016, there is a complete ban of the manufacture, supply and storage of polythene bags and other plastic items such as cups, plates, spoons, and glasses in many states with a partial ban in some states like Maharashtra, West Bengal, Goa, Kerala etc. Some states permit polythene bags above 50 microns thickness.

For more information, click here.

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Disclaimer: All views and opinions that may be expressed in the posts on this page as well as post emanating from this page are solely of the individual in his/her personal capacity