15th Toy Biz International B2B Expo 2024: A Gateway for Global Toy Industry
| Event | Details |
|---|---|
| International Toy Fair | - Dates: July 6 to July 9- Location: Pragati Maidan, Delhi- Participants: 300+ domestic companies, 100+ foreign buyers (US, Germany, etc.)- Exhibitors: 250+ Indian brands- Categories: Electronics, soft toys, playground equipment, board games- Stall Support: At least Rs 1 lakh per stall |
| 15th Toy Biz International B2B Expo 2024 | - Largest toy fair in South Asia- Purpose: Showcase Indian toys globally, expand market reach, and boost exports- Expected outcomes: Networking, collaborations, partnerships, joint ventures |
| India's Toy Industry | - Exports: USD 152.34 million (2023-24), down from USD 153.89 million (2022-23)- Measures since 2020: Curb substandard imports, strengthen domestic industry- GTRI Report Recommendations: Develop domestic ecosystem, encourage global brands to manufacture in India, localize production, create specialized toy hubs, modernize traditional toys |
| Global Toy Market | - Global Toy Imports (2022): USD 60.3 billion- Top Exporters: China (USD 48.3 billion, 80% share), Czech Republic (USD 3.2 billion), EU (USD 2.7 billion), Vietnam (USD 1.7 billion), Hong Kong (USD 1.1 billion)- India's Rank: 27th (USD 167 million, 0.3% of global exports)- Top Importers: US (USD 22.2 billion), EU (USD 9 billion), Japan (USD 2.8 billion), Canada (USD 1.6 billion)- India's Toy Imports: USD 60 million (61st rank) |
| Import Duties in India | - Customs Duty Increase: 20% (pre-2020) to 60% (February 2020) to 70% (July 2021)- Quality Control Order (QCO): Mandatory compliance with Indian Standards (effective January 2021) |