Bengaluru: Prime Minister Narendra Modi on Sunday gave a clarion call to be “vocal for local toys”, stressing on the need for making the country a toy hub and in sync with the PM’s vision, state government is gearing up to boosting toy manufacturing with India’s first toy manufacturing cluster in Koppala.
“In line with PM @narendramodi ‘s vision of #VocalForLocal & boosting toy manufacturing, Koppala will have India’s first toy manufacturing cluster. With the eco-system to support toy cluster in place, this 400 acres SEZ will have top-class infra & generate 40,000 jobs in 5 years,” Chief Minister BS Yediyurappa tweeted, on Sunday morning.
In his tweet, CM Yediyurappa had tweeted that Koppal, which is set to become India’s first ‘toy manufacturing cluster’, has the potential to create 40,000 jobs in five years.
He also claimed that the project is likely to attract investments worth Rs 5,000 crore. He said the programme is in line with PM Narendra Modi’s Vocal for Local campaign, which aims to create an environment of self-reliance among Indians and the country’s businesses to manufacture locally and independently.
The Karnataka government is inviting global toymakers to the “first of its kind” toy manufacturing cluster in India at Koppal and had recently held a webinar cum panel discussion with a panel of leading toys manufacturers.
Karnataka is poised to emerge as a leading toy-making cluster in the country due to the robust ecosystem the state has created to support toy-making industries, the state government had recently said.
With a dedicated push by the government towards toy manufacturing, the state’s toy industry has grown at a CAGR (compounded annual growth rate) of 18 per cent (2010-17), and is expected to reach USD 310 million by 2023, it added.
Karnataka is the third-largest market for toys in India (USD 159 million), which is 9.1 per cent of the national market.
Addressing his monthly radio programme ‘Mann Ki Baat’, the Prime Minister said India has the talent and the ability to become a toy hub.
He also mentioned that Channapatna in Karnataka’s Ramanagara, Kondapalli in Andhra Pradesh’s Krishna, Thanjavur in Tamil Nadu, Dhubri in Assam, and Varanasi in Uttar Pradesh are among the places in India which are being developed in the toy sector.
