Summary:

Free trade agreements (FTAs) with the UK and the EU are anticipated to provide India's toy industry with a significant export boost. By granting Indian toys zero-duty access, these accords will increase their competitiveness in important export countries, which account for around 16% of India's toy exports. The India-UK FTA takes effect on July 15, 2026, while the India-EU pact is due next year. Government-friendly policies are also encouraging investments. Playgro Toys India has invested Rs. 82 crore (US$ 8.61 million) in a manufacturing facility at Ujjain, creating 500 employment, while Sunlord Group is establishing a unit in Bihar. To enhance international export potential, industry professionals emphasise enhancing quality, testing infrastructure, and sustainability.

Source: IBEF

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