Koppala to get India's first toy manufacturing cluster
The state government is trying to enhance its outreach to global investors
In line with Vocal for Local campaign and boosting toy manufacturing, Koppala in Karnataka will have India's first toy manufacturing cluster.
Karnataka Chief Minister B S Yediyurappa announced the proposed toy cluster in Koppala about 351 km from Bengaluru, which will attract over Rs 5,000 crore in investments.
With the eco-system to support the toy cluster in place, the 400-acre SEZ will have top-class infra and generate 40,000 jobs in five years. The proposed toy cluster will have connectivity to NH-63 and Belagavi Airport.
The state government is trying to enhance its outreach to global investors to set up units in the South Indian state.
The state has also amended industrial, land and labour laws to make it easier for industries to consider Karnataka for its investments.
Karnataka is the third-largest market for toys in India with around USD 159 million, or 9.1 percent of the national market according to government estimates.
The state’s toy industry has grown at an average of 18 percent from 2010-17, and is expected to reach USD 310 million by 2023.