Toys
Karnataka has a rich legacy of fostering conducive ecosystem for toys manufacturing. Channapatna and Kinhal toys craftmanship have been accorded Geographical Indicator (GI) status by WTO, attesting nativity and exclusivity. Today, toy manufacturers in Karnataka are leading suppliers to global companies like Hasbro and Spinmaster
3rd
largest toy market in India
1st
dedicated toy manufacturing cluster in India
2
types of facilities - SEZ and DTA catering to domestic and export markets
50%
Well-positioned to cater to 50% India’s market
3rd
largest toy market in India
1st
dedicated toy manufacturing cluster in India
2
types of facilities - SEZ and DTA catering to domestic and export markets
50%
Well-positioned to cater to 50% India’s market
Table of contents
Incentives
30% capital investment subsidy on fixed assets like land, building, dormitory etc.
100% reimbursement on land conversion, registration charges and stamp duty
5% interest subsidy on term loan upto 7.5 Cr
INR 2/unit subsidy on power tariff for 5 years
100% exemption on electricity duty for 5 years
Wage subsidy of INR 1500 per month for 5 years
Rental subsidy of 50% or INR 5 per sqft per month for 3 years
75% reimbursement of ESI and EPF for 5 years
Upto 75% incentives on export freight subsidy
25% cost reimbursements on certifications
Upto INR 12,500 per candidate employee training allowances
10% fixed capital investment in factory buildings and infra facilities
25% capital investment subsidy for common facility centres
5% interest subsidy on term loan
50% on fixed capital investment for CETP and CSTP
100% reimbursement of labor welfare cess
New initiatives & opportunities
Koppal cluster
Over 400 Acres integrated toy manufacturing cluster planned in Koppal to cater to major toy manufacturing needs
Customs clearance
Provision to complete customs clearances inside the SEZ campus to cater to export market seamlessly
Built to suit facilities
Provision to use built to suit facilities with integrated capabilities to reduce to speed to market and upfront investment
Integrated facilities
With availability of services across the value chain, the Koppal cluster is designed to serve as one stop shop for all toy manufacturing needs
Growth drivers
Fixed term employment
Provision for Toys manufacturers to avail ‘Fixed term employment’ to optimize labor capacity and plan production in line with seasonal demand of the industry
Women work force
Karnataka has made recent amendments to facilitate women’s work timings in night shifts between 7PM to 6AM to increase access and availability of labour
Atmanirbhar Bharat
Determined Govt support as Toys industry is recognized as one of the key focus sectors to promote self-reliant India under AtmaNirbhar Bharat agenda of the Indian Govt
Infrastructure development
Govt of Karnataka has announced special incentives to developers of industrial parks in Koppal district to facilitate robust infrastructure development
