The Indian toy industry got a major push as Finance Minister Nirmala Sitharaman, while presenting Budget 2025, announced a national action plan to make India a global hub for toy manufacturing.
The shares price of Ok Play India saw an immediate reaction, gaining 2.10% to Rs 17 as traders responded positively to the government’s intent to strengthen the sector.
Special clusters and skill development
To support this vision, the government will set up special clusters specifically to toy manufacturing. Furthermore, he initiative is in line with the ‘Make in India’ vision, with an aim to develop nan eco-friendly and sustainable toys under a recognised Indian brand.
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Today, Finance Minister Nirmala Sitharaman presented the budget 2025 in parliament, marking her eighth consecutive budget presentation. One of the key highlights among other the announcement made in the budget was the government’s plan to make India a global leader in toy manufacturing.
The new initiatives are set to create around 22 lakh new jobs, helping to reduce unemployment and provide livelihood opportunities across India.
The government’s efforts are also expected to enhance India’s export potential, with projections suggesting that toy exports could exceed Rs 1.1 lakh crore, contributing over Rs 400 crore in revenue to the economy.
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