ENA State 2023-06-07 15:59:35 <p><span style="font-size:14px"><strong>Hyderabad, June 7 (KNN)</strong> Telangana is all set to get its own toy park at Dandu Malkapur in Yadadri Bhuvanagiri district, according to a report in TNIE.</span></p> <p><span style="font-size:14px">Laying the foundation stone for Telangana Toys Park, IT &amp; Industries Minister KT Rama Rao gave letters of intent to 16 prospective toy manufacturing entrepreneurs.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">As per reports, the toys 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.</span></p> <p><span style="font-size:14px">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 &amp; development facility, skill development centre and childrens amusement park facility.</span></p> <p><span style="font-size:14px">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.</span></p> <p><span style="font-size:14px">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.</span></p> <p><span style="font-size:14px">As per the estimates, Indias 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. <em><strong>(KNN Bureau)</strong></em></span></p> 33629 https://knnindia.co.in/news/newsdetails/state/telangana-to-set-up-toy-park-in-yadadri-bhuvanagiri-district 2023-06-07 15:59:35 knnindia.co.in