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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102991) | |
1711. Reliance brands to buy 40%in Italian company India's toy manufacturing business
- Reliance Brands Ltd (RBL) to acquire 40% stake in Dream Plast (Pune, India), the Indian toy manufacturing arm of Italian firm Plastic Legno and Investments-In 2019, RBL acquired British toy retailer Hamleys for ₹620 crore.
- Global players like IKEA are increasingly looking to source toys (especially wooden) from India and RBL plans to position India as a global toy manufacturing hub, not just for domestic but export markets as well.
- The aim is enhancing vertical integration—connecting design, manufacturing, and retail—and diversify RBL’s supply chain by building a robust toy manufacturing platform in India. The Atmanirbhar Bharat vision, the partnership blends Plastic Legno’s 25+ years of European toy manufacturing expertise with RBL’s extensive global retail reach through brands.
- Dream Plast operates three factories using plastic injection molding. The JV merges this manufacturing prowess with RBL’s retail capabilities through Hamleys’ presence in 15 countries and Rowan’s Indian markets.
- This investment supports government efforts to strengthen domestic toy manufacturing, complementing initiatives like the eight toy clusters with ₹2,300 cr funding, aiming to reduce the 85% import dependence and capitalize on the global $100 billion toy market.
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1712. Delhi to Jaipur in three hours as trial run on new expressway link begins
- On July 2, 2025, A 10 day toll free trial began on the new 66.9 km Bandikui to Jaipur Link Expressway, connecting Jaipur Ring Road to the Delhi-Mumbai Expressway. This link is expected to significantly ease travel between Delhi and Jaipur.
- Travel time cut to just 3 hours With the expressway now operational the usual 5 to 6 hour drive between Delhi and Jaipur is reduced to around 2.5 to 3 hours, thanks to a smooth high speed corridor with a speed limit of 120 km/h.
- Safety and quality checks ongoing During the trial period, the National Highways Authority of India is carrying out detailed inspections, including at the Khuri interchange to ensure the road meets safety standards before tolling begins.
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1713. To Infinity and Beyond: How India is Writing its Own Toy Story
- India’s toy market is forecast to hit ₹90,000 crore by 2025, growing at about 17–20% annually. The PLI scheme brings in ₹2,200 crore to ramp up local production.
- Over 150 toy clusters are being built, creating around 50,000–70,000 jobs. The latest government data shows that the import of toys came down by 70% in the last three years and the exports have jumped by 61.38%
- Government encouraged toy makers to promote Indian culture and values through toys. This helped increase local production and export due to strict quality rules (BIS certification) by the government.
- India now has 8 toy manufacturing clusters to make traditional and safe toys. These clusters are creating jobs and helping India meet global standards. Import tax on toys was raised from 20% to 60% in 2020. Poor-quality Chinese toys were also restricted, helping Indian brands like Ariro Wooden Toys grow.
- India’s own cartoon characters like Chhota Bheem are becoming popular. Experts believe they can become global like Barbie with more support.
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1714. Union Cabinet Approves ₹1,853 Crore Four-Lane Highway Project in Tamil Nadu
- On July 2, 2025, The cabinet approved upgrading a 46.7 km stretch of NH-87 between Paramakudi and Ramanathapuram in Tamil Nadu into a four lane highway under the Hybrid Annuity Model.
- The upgraded route will connect five national highways and three state highways, integrating with major transport nodes like Madurai airport and railway stations and ports at Pamban and Rameshwaram.
- The project is estimated to generate about 840,000 direct and 1.045 million indirect person days of employment addressing congestion along the Madurai to Rameshwaram corridor.
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1715. Government providing all round support to domestic toy industry
- Toy exports increased by 61.38% (from USD 202M in FY 2018–19 to USD 326M in FY 2021–22), while imports decreased by 70% (from USD 371M to USD 110M).
- Government enforced BIS certification for all toys (domestic and imported) from Jan 2021, and DGFT made sample testing of every consignment mandatory.
- Basic Customs Duty on toys was raised from 20% to 60% in Feb 2020 to discourage cheap imports. Events like Toycathon 2021 (1.2 lakh participants) and India Toy Fair 2021 (1074 exhibitors, 25 lakh visitors) were held to boost innovation and awareness.
- Under the SFURTI scheme, 19 toy clusters across 9 states were approved to benefit 11,749 artisans with ₹55.65 crore support. Under the India–UAE CEPA (from May 1, 2022), Indian toys now enjoy zero duty market access in the UAE, boosting exports.
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1716. Indian toy manufacturers bolster production as demand rises; eye global markets
- Government policies have boosted domestic manufacturing and helped the industry to explore global markets and enhance exports. import in India has decline from USD 304 million in 2018-19 to USD 36 million in 2021-22.
- Customs duties on imported toys were hiked (Basic Customs Duty increased from 20% to 60% in Feb 2020), and mandatory BIS certification.
- Despite import reduction, toy exports grew from US $109 m in 2018–19 to US $177 m in 2021–22, highlighting India’s improving competitiveness in global markets
- Retail toy sales in India stood around ₹20,000 crore pre-pandemic and have continued to grow, with projections suggesting India’s toy industry could double from US $1 billion in 2019–20 to US $2 billion by 2024–25.
- Industry leaders are calling on the government to introduce a Production-Linked Incentive (PLI) scheme and a dedicated national toy policy or export promotion council to further boost manufacturing capacity, employment, and global competitiveness.
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1717. Toy industry can generate 30,000 jobs in TN with govt support
- On 10 October 2020, Tamil Nadu’s toy industry, worth ~₹600 crore, can create 30,000 jobs with government support and boosting local employment significantly with considerable room to grow if state policies offer subsidized land and infrastructure support.
- The sector has seen toy imports drop from 90% to 5%, boosted by higher duties and BIS norms. Chennai and Tuticorin are ideal hubs due to port access, and over 5 lakh artisans (75% MSMEs) are already engaged.
- Chennai (with strong logistics via port connectivity) and Tuticorin have been identified as ideal hubs for toy manufacturing plants and warehousing
- The state has the potential to manufacture a wide variety of toys—including soft toys, battery-operated toys, baby products, wooden educational items, and Montessori equipment—all possible with modest setup requirements (1 acre land + ₹50 lakh capital investment).
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1718. Solar Energy Corporation Signs PSAs For 60 GW Of Renewable Energy
- On July 2, 2025, Solar Energy Corporation of India signed Power Sale Agreements for over 60 gigawatts of renewable energy capacity. This includes solar, wind and hybrid energy projects. It marks a major achievement in India’s renewable energy journey.
- PSAs ensure long term power purchase guarantees offer financial stability and payment assurance to renewable energy developers. SECI has made it easier for companies to raise funds and move forward with large scale without worrying about payment risks.
- SECI now focus more on energy storage systems, green hydrogen and green ammonia projects. SECI’s plan to enable flexible round the clock renewable energy supply models helping India transition to cleaner and more reliable energy sources.
1719. Reliance Retail enters into joint venture for toy manufacturing with Haryana-based firm
- on 23 April 2023, Reliance Retail has formed a joint venture with Circle E Retail, a Haryana-based toy manufacturer, to vertically integrate its toy business.
- Focus on manufacturing toys for Reliance's brands, Hamleys and Rowan, and aims to control the entire toy ecosystem. Reliance owns 100+ Hamleys stores across 36 Indian cities, with a global footprint in over 15 countries.
- Indian toy market valued was USD 1 billion in 2019–20 and is projected to double to USD 2 billion by 2024–25. strengthening its offerings across both B2B and B2C segments.
- Circle E Retail specializes in toy manufacturing, operating a modern unit licensed to manufacture and distribute a wide range of toys—a strong foundation for Reliance's ambitions.
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1720. Indian toy industry grows 316 per cent in the last nine years: Ministry of Commerce and Industry
- 2 June 2023, The Indian toy industry has grown by 316% over the last nine years, with exports rising from $36.91 million in 2013-14 to $153.88 million in 2022-23, though slightly down from the peak of $177.04 million in 2021-22.
- Government initiatives like 70% import duty, the Quality Control Order (QCO), and the National Action Plan for Toys (2020) involving 15 ministries. The Indian toy market is expected to reach $3 billion by 2028, growing at a 12% CAGR.
- Indian companies, like Hungry Brain, are exporting to 25+ countries. Regular toy fairs and exhibitions are expanding visibility and international market access. China still dominates due to large-scale production and subsidies, but Indian manufacturers are growing in dolls, board games, sports toys, and promotional toys.
- The Indian toy industry is expected to reach $3 billion by 2028, growing at a 12% CAGR. Over 4,000 MSMEs are currently active in the sector.
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