Latest News | Big Drop in Toy Imports in Last 3 Years: Goyal
Get latest articles and stories on Latest News at LatestLY. The country's toy imports have declined to USD 130 million in 2020-21 from USD 304 million in 2018-19, according to government data.
New Delhi, Dec 23 (PTI) The country's toy imports have declined to USD 130 million in 2020-21 from USD 304 million in 2018-19, according to government data.
Commerce and Industry Minister Piyush Goyal said the government is protecting the interest of the domestic toy industry by promoting Made-in-India toys.
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This is also helping thousands of artisans across several toy clusters, he said in a tweet on Thursday.
"Big drop in toy imports over the last 3 years," he added.
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The government has taken a series of steps to promote domestic manufacturing of toys to ensure that no sub-standard and unsafe cheap toys are imported into India.
It has taken significant steps for promoting the domestic toy industry in the country, including mandatory sample testing of each imported consignment of toys, enhancement of Basic Customs Duty from 20 per cent to 60 per cent, implementation of Toys (Quality Control) Order with effect from January 2021.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)