Upcoming Rangwasa Toy Cluster in Indore receives EoIs from 67 industries

Indore, June 13 (KNN) The Indore International toy Cluster Association (IITCA) has received expression of interest (EoI) from 67 industries to invest in the upcoming toy cluster at Rangwasa in Indore district. 

In the first phase it is department coming up on about 8.5 acre, close to 20 industries have proposed to take up land parcels through the allotment process has not yet commenced. 

The industries are located in and around Indore and are and small and medium sized units.

Prem Ramchandani, President, IITCA said, “Toy cluster was a much awaited proposal for this region due to the presence of hundreds of toy manufacturers. So far we have received expression of interest from 67 industries interested in taking up land parcels in the cluster.”

An estimated Rs 40-50 crore investment is anticipated to come in the first phase, said IITCA.  (KNN Bureau)