The Koppal Toy Cluster is more than just a cluster; it’s a symbol of India’s ambition to reclaim its rightful.
Karnataka is the third-largest toy market in India, accounting for over 9% of the domestic market. Karnataka has a rich heritage in toy making, with Channapatna toys from the Ramnagara district and Kinhal toys from the Koppal district. These traditional wooden toy crafts that are native to Karnataka were also given a Geographical Indicator tag by the World Trade Organization. The upcoming toy cluster in Koppal will help to revive the toy manufacturing industry in Karnataka by blending technology and innovation with ancient crafts.
The Koppal toy cluster, with the theme of ‘Concept to Commission of the Plant’, will provide ready-to-use facilities to the manufacturing companies to easily set up the manufacturing plant and commence their operations. It will allow the Indian toy manufacturers to cater to not just the domestic market but the global toy market.
The Government of Karnataka has already signed MoUs with some of the major toy manufacturing companies including Playgro Industries Pvt. Ltd., Sterling New Horizons Pvt. Ltd., Hotshot Tooling and Engineering Ltd., Aequs Force Consumer Products Pvt. Ltd., Aequs Engineering Plastics Pvt. Ltd., attracting an investment of around USD 200 million. As per the government, the cluster will attract over USD 450 million in investments over the next five years.
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