The industries and IT minister of Andhra Pradesh, Gudivada Amaranth, announced the state’s intention to become a Toy Export Hub by establishing a Toy Park spanning 1,000 acres. The final decision regarding this initiative will be made in consultation with Chief Minister YS Jagan Mohan Reddy.
During the launch of Pals Plush Toys Global E-Commerce in Visakhapatnam, Minister Amaranth highlighted the immense potential of the toy market, citing annual sales of 7,000 INR-crore to 8,000 INR-crore in India.
He expressed optimism that the establishment of the Toy Park would generate employment for approximately 30,000 to 40,000 individuals.
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