Current Affairs | Release Date 2021-02-23 17:09:32
Current Affairs | Release Date 2021-02-23 17:09:32


• Government has approved three dusters in Madhya Pradesh, two in Rajasthan, and one each in Karnataka, Uttar Pradesh and Tamil Nadu.

• These clusters will manufacture toys made of wood, lac, palm leaves, bamboo and fabric.

About:

• Clusters are to be developed under existing schemes such as Scheme of Fund for Regeneration of Traditional Industries (SFURTI).

• Two toy clusters are currently being implemented in Karnataka and Andhra Pradesh under Sfurti.

• SFRUTI offers incentives such as skill development, capacity building, creation of facilities such as common facility centres, rehousing facilities and marketing and e-commerce assistance to local industries.

Need to promote local toy industry:

• India imported around $1.5 billion worth toys in 2020, with China and Taiwan accounting for around 90% of domestic toy market.

• Study by Quality Council of India (QCI) had revealed that 67% of imported toys failed a testing
survey, prompting an aggressive effort to produce safe toys locally.

• Currently toy industry in India is primarily unorganised, comprising around 4,000 MSMEs.

• Toy market can bring transformative change through vocal for local.

• Furthering the spirit of Ek Baharat, Shreshtha Bharat.

———————————————

Mains Paper 2: Governance

Prelims level: Scheme of Fund for Regeneration of Traditional Industries

Mains level: Need to promote local toy industry



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here