Manufacturers need to comply with Indian standards for toys, helmets, air-conditioners, refrigerators, domestic cooker, LPG gas stove, safety glass, footwear and wheel rim
The commerce ministry says the ‘Make in India’ initiative has yielded positive results for the sector and exports have risen to $326 million in FY22
India seeks to claim pole position in the global toy industry. It helps that the country is becoming as adept at technologically cutting-edge toys as it is in making traditional ones.
India’s richest man Mukesh Ambani bought Hamleys for about $88 mln. In the iconic toys brand, Reliance has a retail business that is expanding rapidly.
