Hyderabad, June 7 (KNN) Telangana is all set to get its own toy park at Dandu Malkapur in Yadadri Bhuvanagiri district, according to a report in TNIE.

Laying the foundation stone for Telangana Toys Park, IT & Industries Minister KT Rama Rao gave letters of intent to 16 prospective toy manufacturing entrepreneurs.

As per reports, the toy’s park that will be developed with world-class infrastructure will aim to promote the manufacturing of soft toys, STEM toys, electronic, plastic, non-toxic, silicone toys, and eco-friendly toys. Around 5-acre area land within a 100-acre MSME park has been allotted for the park.

The toy park is expected to generate employment opportunities for around 2,500 rural youth, local residents, and regional artisans making wooden toys. It will also have a toy museum, common facility centre, research & development facility, skill development centre and children’s amusement park facility.

With the proactive measures and business-friendly initiatives of the Telangana government, the toy manufacturing sector is poised for rapid growth, making Telangana a leader in the export of toys from India.

The toy park will have the availability of a plug-and-play option as well. It will also promote the manufacture of wooden and local toys and will also incentivise regional artisans to produce wooden toys.

As per the estimates, India’s toys industry will worth Rs 147-221 billion by the year 2024, given the fact that the demand for toys is rising at a faster pace compared to the global rate. (KNN Bureau)