Toys R

Why dangerous toys keep flooding EU websites despite strict safety rules

A new EU study found most toys sold on major online platforms are unsafe, with toxic materials and choking risks, raising questions about weak checks and gaps in rules for foreign sellers

Govt to introduce scheme to boost toy industry, says Piyush Goyal

The commerce and industry minister said the scheme will look to enhance design capabilities, ensure quality manufacturing, strengthen packaging and support brand-building

Indian toy standards better than global norms, boosting exports: BIS

Indian quality standards on toys are better than global benchmark, helping domestic manufacturers in exporting their products in overseas markets, according to a senior BIS official. The Bureau of Indian Standards (BIS) has developed and published Indian standards for toys that encompass physical, chemical, and electrical safety requirements. These standards are aligned with international benchmarks set by ISO and IEC, ensuring global harmonisation in toy safety practices. To enforce compliance, the Department for Promotion of Industry and Internal Trade (DPIIT) issued the Toys (Quality Control) Order), 2020, which came into effect on January 1, 2021. This order mandates that all toys sold in India, whether manufactured domestically or imported, must conform to seven specific Indian standards and bear the ISI mark under a valid BIS licence. It is prohibited to manufacture, import, store, distribute, sell, or even exhibit for sale any toy that does not comply with these ...

Danish toy firm Lego opens first store in India, eyes double-digit growth

Danish toy giant Lego launches its first store in Gurugram, aiming to expand offline footprint in India with new outlets, tier II city reach, and accessible price points

Toy manufacturer Funskool India targets $40-45 mn revenue in current fiscal

Toy manufacturer Funskool India Ltd has drawn up plans to achieve a revenue target of USD 40-45 million during the current financial year, capitalising on shifting global trade dynamics and the growing preference for Indian manufacturing, the company said. The company registered a 20 per cent year-on-year growth in FY202425 revenue. "We are moving in the right direction. With an impressive growth trajectory, Funskool continues to play a vital role in advancing the Make in India' initiative. We are focused on deepening our partnerships with global toy brands and further positioning ourselves as a quality toy manufacturer in the international supply chain, company CEO K A Shabir said in a press release on Friday. Funskool contributes close to 20 per cent of India's total toy exports, with shipments to the United States accounting for around 40 per cent. Last year, the company doubled its production capacity. In line with its aggressive growth plans, further capacity additions are ...

India's toy box opens: Retail giants roll dice on direct sourcing

Walmart, Target have started sourcing Indian brands for the first time

Indian toy makers receive orders worth crores at int'l toy fair in Germany

Indian toy makers, who participated in the five-day international toy fair in Nuremberg, Germany, have received huge orders worth crores as they had showcased high-quality products, exporters say. According to the toy exporters, buyers from countries such as the US, UK, South Africa, and Germany showed interest in their products and placed a good number of orders. The Nuremberg International Toy Fair concluded on February 3. Over 2,000 exhibitors from over 65 countries participated in one of the world largest toy fairs. Greater Noida-based Little Genius Toys Pvt Ltd CEO Naresh Kumar Gautam said: "Our products received huge appreciation. Be it wooden education toys or soft toys. There was a strong anti-China sentiment for Chinese toys and Indian toys were appreciated. About 60 firms participated." He said that two-Chinese firms have expressed keen interest to set up joint ventures with Little Genius in India for toy manufacturing. "The JV would cater to both national and internatio

UP plans to attract pvt investment of more than Rs 1,000 crore in Toy Park

The Indian toy market is estimated to double to $3 billion by 2027-28, from $1.5 billion now

Union minister launches campaign to promote reuse, recycle of old clothes

Union Housing and Urban Affairs Minister Hardeep Singh Puri on Monday launched a campaign -- "Meri LiFE, Mera Swachh Shehar" -- to promote reuse and recycle of old items such as clothes, shoes, toys and books, according to an official statement. According to the statement, urban India is increasingly adopting the principles of making wealth from waste with citizens actively refurbishing old items for reuse. This is giving an impetus to the overall zero-waste ecosystem under the Swachh Bharat Mission-Urban 2.0. This nationwide campaign aims to highlight cities to set up "reduce, reuse, recycle (RRR) centres" -- one-stop centres for citizens to contribute clothes, shoes, old books, toys and used plastic to be reused or recycled. "This three-week campaign will strengthen citizen's resolve under SBM-U 2.0 to reduce, reuse and recycle and will also champion Mission LiFE's objective of taking collective action for the protection and conservation of the environment by adopting sustainable

TMS Ep333: 2022 startup funding, toy manufacturing, markets, IPEF

What does the 2022 funding winter indicate for start-ups? Does India need PLI to become a toy manufacturing powerhouse? Will the markets see a time-wise correction in 2023? What is IPEF? Answers here

Does India need PLI to become a toy manufacturing powerhouse?

Toy imports have come down by 70% in the last three years, while export is up by 60%. Govt is now mulling a PLI scheme to give the sector a fillip. Will the scheme help the toy manufacturing sector?

World's play store: India scripts a local toy story, turns a net exporter

India is likely to extend the production-linked incentive (PLI) scheme to domestic toy manufacturers after Chinese toys were found to be "unsafe"

Billionaire toy marketer Larian Issac bids $900 million for Toys 'R'

The would-be rescuer is the chief executive officer of MGA Entertainment, which sells toys including Little Tikes, Bratz