Toy sector pitches for PLI scheme, export council to promote growth ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 14
Extending the PLI scheme to the toy sector and setting up a separate export promotion council would propel the sector by creating jobs and boosting exports, industry experts said. Currently, the Production Linked Incentive (PLI) scheme covers 14 sectors like pharma and white goods, and aims to boost domestic manufacturing and exports. Little Genius Toys Pvt Ltd CEO Naresh Kumar Gautam said although support measures announced by the government are helping the industry, the PLI scheme and a council would give further impetus as it holds huge potential for creation of jobs. The government has significantly increased import duty from 20 per cent to 60 per cent, introduced quality norms and manda

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