Country’s first toy manufacturing cluster at Koppala may attract Rs 5,000 cr investment, create about 40,000 jobs: BS Yediyurappa

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The proposed Koppala toy manufacturing cluster will be a special economic zone on 400-acre land and it will have top-class infrastructure 

Karnataka’s Koppala will be the country’s first toy manufacturing cluster and it is expected to attract an estimated Rs 5,000-crore investment.

The Koppala toy manufacturing cluster, which is to come up on about 400 acre of land, is capable to generate about 40,000 jobs in a span of five years, Karnataka Chief Minister B S Yediyurappa said on Sunday.

"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," Yediyurappa tweeted.

The proposed Koppala toy manufacturing cluster will be a special economic zone (SEZ) on 400-acre land and it may attract about Rs 5,000 crore investment, Yediyurappa tweeted.

The proposed toy cluster will have top-class infrastruture. The cluster is close to NH63 and Belagavi is the nearest airport.

He said that the domestic toy market size may grow above Rs 2,300 crore by 2023, he said.

Yediyurappa’s tweet came after Prime Minister Narendra Modi's 'Mann Ki Baat' programme on Sunday, pitching India to become the world's toy manufacturing hub.

Modi in his latest ‘Mann Ki Baat’ episode said India has talent and ability to become a huge toy hub for the entire world and called upon startups to work towards realising this potential while being "vocal about local toys".

He said the global toy industry is over Rs 7 lakh crore, but India's share was very small, as he stressed on the need to work to increase it.

Karnataka is inviting global toy manufactures to the "first of its kind" toy manufacturing cluster at Koppala. The government 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.

It said, the state has supported and nurtured the setting up of Tool Manufacturing & Precision Engineering (TMTP), polymers manufacturing clusters Bengaluru, Dharwad, Tumkuru and Mysuru, robust design capacity and testing certification agencies in Bengaluru, Dharwad and Koppal and GTTC (Government Tool Room & Training Centre).

With such a dedicated push by the government towards toy manufacturing, the state's toy industry has grown at a CAGR of 18 percent (2010-17) and is expected to reach $310 million by 2023, it added.

Karnataka is the third-largest market for toys in India ($159 million) 9.1 percent of the national market.

With inputs from Agency

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