ENA Sectors 2024-02-05 13:44:25 <p><span style="font-size:14px"><strong>New Delhi, Feb 5 (KNN)</strong> Indian toy makers are celebrating big wins after showcasing their toys at the Nuremberg International Toy Fair in Germany.</span></p> <p><span style="font-size:14px">The fair, which ended on February 3, attracted over 2,000 exhibitors from 65 countries.</span></p> <p><span style="font-size:14px">Indian toy exporters shared that they received huge orders, totalling crores of rupees, because buyers from countries like the US, UK, South Africa, and Germany loved their products.</span></p> <p><span style="font-size:14px">CEO of Little Genius Toys Pvt Ltd, Naresh Kumar Gautam, shared that their toys, including wooden educational ones and soft toys, got a lot of love.</span></p> <p><span style="font-size:14px">He mentioned that there's a growing dislike for Chinese toys, which worked in favour of Indian toys.</span></p> <p><span style="font-size:14px">Interestingly, two Chinese firms are interested in teaming up with Little Genius for making toys in India.</span></p> <p><span style="font-size:14px">To meet the increased demand, Gautam said they plan to increase their toy-making operations soon.</span></p> <p><span style="font-size:14px">He also highlighted that the government's quality rules and lower customs duty have helped the toy industry grow faster.</span></p> <p><span style="font-size:14px">Natkhat Toys promoter Tarun Chetwani echoed similar sentiments, stating that the fair provided an ideal platform to showcase the company's high-quality products.</span></p> <p><span style="font-size:14px">He emphasised the Indian toy sector's robust growth, with several companies from Greater Noida participating in the fair.</span></p> <p><span style="font-size:14px">The good news extends beyond the fair.</span></p> <p><span style="font-size:14px">India's toy exports have shot up from USD 96.17 million in 2014-15 to an impressive USD 325.72 million in 2022-23.</span></p> <p><span style="font-size:14px">The government's support, including quality rules and lower import taxes, has helped the Indian toy industry thrive.</span></p> <p><span style="font-size:14px">Overall, toy imports have fallen by 52 per cent, showing that India is making more toys on its own.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 36565 https://knnindia.co.in/news/newsdetails/sectors/germany-toy-fair-opens-bonanza-for-indian-toy-makers 2024-02-05 13:44:25 knnindia.co.in