Toy Industry urges govt to resolve GST Anomaly, introduce PLI scheme

New Delhi, July 11 (KNN) The Toy manufacturers in their meeting with DPIIT have urged the government to resolve a GST anomaly and immediately roll-out the PLI scheme. 

The meeting was attended by representatives of global and domestic toy manufacturers, retailers, associations, and government officials to discuss the opportunities in the domestic toy sector. The meeting was chaired by DPIIT Secretary Rajesh Kumar Singh.
     
Toy Association of India (TAI) Senior Vice-President Naresh Gautam said that besides PLI and GST, the industry has urged for resumption of Credit Linked Capital Subsidy Scheme (CLCSS).

He said that it is a labour intensive sector and support measures by the government would help in creating jobs and increasing exports. "We train unskilled people for jobs, particularly women workers. We are more competitive than China," he added.
 
Toy Association of India Chairman Manu Gupta said that a lot of issues were raised such as standard input output norms (SION) for all toys, and resumption of credit linked capital subsidy scheme. “On GST, we asked for the removal of an anomaly," he said.

There are over 9,600 registered MSME toy manufacturing units, and 8 GI (geographical indication) toy clusters in the country.
     
The event saw participation from over 50 domestic manufacturing as Playgro, Sunlord, Micro-Plastics, Aequs, Funskool and Dream-Plast.

KNN Bureau