Rs 5,000 crore toy cluster to come up in Koppal

Koppal: Karnataka has invited domestic and global toymakers in line with PM’s vision of boosting toy manufacturing in India. Koppal has been identified for the toy cluster.
The government had recently convened a webinar-cum- panel discussion with leading toys manufacturers on ‘Establishing India as a Global Toy Manufacturing Hub–Global prospects and Karnataka opportunities.’
Industries minister Jagadish Shettar said that toy manufacturing will get a renewed push after Prime Minister’s Narendra Modi’s clarion call that Indian toy market has enormous potential and can bring a transformative change in the industry by promoting ‘Vocal for Local’ under Aatmanirbhar Bharat campaign.
The first unit may start production may begin in the next 10 months. "We hope to attract around Rs 5,000 crore investment at the toy cluster and expect over 40,000 direct and indirect jobs to be be created in Koppal district alone in the next 5 years" he added.
Gaurav Gupta, principal secretary to the government, commerce and industries department, said that the government has identified Koppal as the first toy manufacturing cluster in India.
H M Revannagowda, managing director, Udyog Mitra, said that the Koppal toy cluster will be a one-stop-destination facilitating globally competitive and reliable manufacturing solutions with co-located facilities. "It’s an internationally competitive self-sustained ecosystem catering to all infrastructure requirements of the toy industry. With access to highway ports, airports and major cities, the cluster will provide an efficient network of connectivity. Koppal yoy cluster is on National Highway 63 and well connected to other modes of transportation. It is located close to Hubballi, a major trading hub in nothern part of the state" he claimed.
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Koppal is first of its kind toy manufacturing cluster in India, and the state is making sure that all toys manufacturing requirements are available in this cluster.
Karnataka is the third-largest market for toys in India ($ 159 million) – 9.1% of the national market.
Karnataka toy industry has grown at a CAGR of 18% (2010-17), expected to reach USD 310 million by 2023.
Labour-intensive manufacturing is being seen as a focus that would help the toys industry.