By the Members, of the Members & for the Members
The 10th edition of ‘Tool Talk’ organised by TAGMA, powered by TAGMA TIMES was held on 28th January 2022. The Guest speaker for the event was Mr. Manish Kukreja - President, The All India Toy Manufacturers' Association [TAITMA]
Link to the discussion video is
https://lnkd.in/gc3h7znF
Below are some of the highlights of the discussion
- India has a rich legacy in toy-making. Historically Indian toys date back to the Indus Valley Civilization.
- The toy industry is a reflection of a nation’s economy – a strong toy industry equals a strong manufacturing industry.
- China enjoys about 75% market share of global toy manufacturing, and now the country is moving away from low-cost mass toys. It is an opportunity for India.
- In India, close to 40,000 new toys are developed every year, and on average, each toy needs at least three tools. I believe, the Indian tooling industry is capable to cater to the demand. However, we need to work closely with each other.
- Since the last few years, there has been rapid development in the toy-making industry. Further, the Government aims to make India a toy manufacturing hub of the world. The Indian toy industry is set to witness double-digit growth and will require strong tooling support.
