Government is going to give ₹ 3,500 crore PLI benefit to the toy industry! Investment and domestic manufacturing will increase
फोटो-Reuters The central government is considering giving a production linked incentive (PLI) b enefit of Rs 3,500 crore to the toy industry. However, this benefit will be available only on those toys, which comply with the rules of the Bureau of Indian Standards (BIS). The objective of this move of the Central Government is to attract domestic manufacturing, global competition and investment. An official said that the government's implementation of quality control orders for the toy industry and increasing customs duty from 20 to 60 percent have helped in reducing low-quality imports and promoting domestic manufacturing in the country. Benefits for toys complying with BIS regulations The official said, “Now we are working on the extension of PLI to toys. However, this benefit will be applicable only for toys complying with BIS norms. PLI benefit can be given as per different investment slabs. It can be from Rs 25 crore to Rs 50 crore or even Rs 100-200 crore. According to the n...