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134 Toy Makers Get Land In Noida, Rs 410 Crore Investment Likely: Officials

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134 Toy Makers Get Land In Noida, Rs 410 Crore Investment Likely: Officials

The firms have acquired land alongside the Yamuna Expressway (File)

Noida:

Over 100 firms have acquired land alongside the Yamuna Expressway to arrange factories with an funding of Rs 410.13 crore on the “Toy Park” close to Noida, officers stated.

According to the native Yamuna Expressway Industrial Development Authority (YEIDA) officers, the toy factories will present jobs to an estimated 6,157 individuals.

Prime Minister Narendra Modi had referred to as for rising the nation’s share within the international toy enterprise final yr, they stated, including, Uttar Pradesh Chief Minister Yogi Adityanath had determined to assemble a “Toy Park” close to Noida and 100 acres of land was earmarked in Sector 33 of the YEIDA space to advertise the trade.

The state authorities had invited industrialists to put money into the park and lots of huge gamers within the toy enterprise got here ahead to arrange their items.

“Altogether 134 companies have so far been allotted land for setting up their factories in 53.51 acres at the Toy Park and construction of their units is likely to begin soon,” Nodal officer, YEIDA Investment Cell, Shailendra Bhatia advised information company PTI.

Major nationwide firms which have acquired land on the park embody Fun Zoo Toys India, Fun Ride Toys LLP, Super Shoes, Ayush Toy Marketing, Sunlord Apparels, Bharat Plastics, Jai Shree Krishna, Ganpati Creations and RRS Traders, he stated.

Mr Bhatia stated the acquisition of land by main gamers within the toy trade, reminiscent of Fun Zoo Toys India and Fun Ride Toys, is “highly significant” as they’ll problem the monopoly of Chinese toy makers.

“The biggest challenge before the government, however, is that out of the 4,000 micro, small and medium enterprises in the toy manufacturing business, 90% are in the unorganised sector. Therefore, Chief Minister Yogi Adityanath has taken this initiative to promote the industry,” he stated.

According to officers, the “Toy Park” close to Noida seeks to cut back the price of manufacturing Indian toys whereas guaranteeing high quality.

The authorities is counting on the usage of state-of-the-art know-how by producers to supply high-quality, extra sturdy, and cheaper than Chinese toys, they stated.

(Except for the headline, this story has not been edited by India07 workers and is revealed from a syndicated feed.)

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(THIS STORY HAS NOT BEEN EDITED BY INDIA07 TEAM AND IS AUTO-GENERATED FROM A SYNDICATED FEED.)

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