New Delhi: Centre will set up a task force to support the toy sector and identify interventions towards achieving the goal of reaching a 5 per cent share in the global toy market by 2032.
The announcement was made at the stakeholder meet, “Team Up for Toys: Driving SCALE, Innovation and Exports”, organised by the Department for Promotion of Industry and Internal Trade (DPIIT) at Vanijya Bhawan, New Delhi.
According to the Union Commerce and Industry Minister Piyush Goyal task force will work towards achieving six objectives, namely, integration with global value chains, strengthening manufacturing capabilities, resolving value chain bottlenecks, creating skilled workforce and employment, enabling design and innovation, and enhancing ease of doing business.
READ: India's billionaire income club surges 300% in 5 years
The Minister called upon industry stakeholders to work towards building a complete domestic manufacturing ecosystem supported by advanced technologies, globally competitive quality standards, deep localisation, stronger branding and greater integration with global value chains.
Goyal subsequently launched the Toy Sector Playbook. Developed as a comprehensive roadmap for manufacturers, startups, MSMEs, investors and entrepreneurs, the Playbook provides actionable guidance on manufacturing ecosystems, value chains, standards and compliance requirements, skills development, product innovation, intellectual property, exports and emerging market opportunities.
It aims to serve as a practical resource for stakeholders seeking to strengthen competitiveness and expand their presence in both domestic and international markets.
India's toy industry has recorded significant progress in international trade over the past decade, reflecting its growing competitiveness and manufacturing capabilities.
READ: Explained: What the Centre's new anti-paper leak bill mean for students
Overall exports of toys were US$152.7 million in 2017-18. It rose to US$ 384.7 million in 2025-26, reflecting a growth of over 151.9%. The most significant expansion was seen in Electronic & Non-Electronic Toys (HSN 9503).
The exports grew by nearly 160%, from US$ 77.35 million to US$ 200.89 million during the same period. The United States (US) emerged as the leading export destination, with shipments more than quadrupling, from US$ 26.7 million to about US$ 111.9 million.
Other key markets included the United Kingdom, Poland, the Netherlands and Germany.
Follow NewsEdition.in on X (Twitter) and LinkedIn for more stories on politics, the world, business, and more.
Ends.
Comments (0)
Be the first to comment!