The Uttar Pradesh government on Friday said that Gautam Budh Nagar is poised to become a major toy manufacturing hub with potential to challenge China’s booming toy industry. The YEIDA officials said that companies like Fun Zoo Toys India and Fun Ride Toys are major companies who have the potential to challenge the monopoly of Chinese toy makers. The investment by major toy companies also reflects Prime Minister Narendra Modi’s desire to increase the country's share in the global toy business. Noida’s Toy Park aims to address the issue by reducing the cost of manufacturing of Indian toys while guaranteeing its quality. The Uttar Pradesh government claims that the toys that will be manufactured here will be high-quality, more durable and cheaper than the Chinese toys.

Source: Hindustan Times August 06, 2021 11:48 UTC