India unveils plan to boost toy industry, aiming to create jobs and reduce reliance on imports.
Finance Minister Nirmala Sitharaman announced a national action plan to boost India's toy industry, aiming to create jobs and enhance exports. The plan focuses on developing clusters, skills, and a sustainable manufacturing ecosystem for high-quality, innovative toys. However, traditional toy makers in South India are concerned about the lack of clear financial support and the challenges in exporting their delicate products. Despite these concerns, the plan aims to reduce India's dependence on imports and promote the 'Made in India' brand.
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