As a result of measures, the manufacturing ecosystem of the industry has witnessed “remarkable” growth, leading to a substantial decrease of 52 per cent in overall import of toys from USD 332.55 million in 2014-15… 

Toy manufacturers struggle to shift production from China due to surging costs. Hasbro approached Indian supplier Aequs to sub-contract toy manufacturing. Aequs now produces toys for Hasbro and others in India. However, India cannot match… 

The Indian Toy industry witnessed remarkable growth with a decline in imports by 52%, a rise in exports by 239%, and a development in the overall quality of the Toys. The efforts of the Government… 

The company said that the reductions are on top of 800 job cuts that have been taken so far in 2023 as part of moves announced last year to save up to $300 million annually… 

The company has expedited the process of manufacture in India as the Bureau of Indian Standards (BIS) has mandated that all electric and non-electric toys bear the ISI mark, and toys without an ISI mark… 

“We are one of the biggest players which imports toys and have a big vendor ecosystem for manufacturing. We recognize the importance of India, both as a market and a manufacturing hub.”

Funskool India will manufacture and distribute the game in India. “We are certain this will pave the way for more such collaborations and give a major fillip to our Make in India initiatives,” R. Jeswant,… 

“Guided by our vision – crafting memories through the joy of play, we are looking forward to becoming a centerpiece store in the popular shopping and tourist destination of Corso Vittorio Emanuele II, Milan,” said… 

US has a strong toy market, and studying their strategies and approaches can help India increase toy consumption among its population. Expertise of G20 member countries such as the US and China can help the…