New Toy Park in Uttar Pradesh Seek INR 1,000 Cr Investment - News

Uttar Pradesh hopes to attract over INR 1,000 crore in private investment for its Noida Toy Park, creating 6,000 jobs. Fun Zoo Toys India and Funride Toys LLP are interested in this ambitious project, which will launch next year.  
With this initiative, India wants to break China’s toy dominance in the Indian toy market and boost socioeconomic growth, particularly for micro, small, and medium enterprises, despite exporting to nearly 50 countries. 
By 2027-28, the Indian toy market is expected to quadruple from US$ 1.5 billion to US$ 3 billion. India’s toy imports have fallen while exports have grown rapidly. The Yamuna Expressway Industrial Development Authority is building the 100-acre Toy Park in Noida Sector 33, which is projected to transform the Indian toy manufacturing industry, encompassing soft, electronic, wooden, and other toys.
Keeping in alignment Hon’ble Prime Minister Narendra Modi’s call to produce high-quality, appealing toys for international markets, many of these Noida Toy Park toy production facilities are projected to be finished within a year.