Foxconn of toy world to set up India’s first toy cluster in Karnataka

It is Foxconn of the toy world, manufacturing some of the most popular superhero figures and toy dart guns at a factory in Karnataka for some of the biggest names in the global toy industry. And it is now setting up India’s first toy manufacturing cluster to boost domestic industry.

Aequs Private Limited is developing a 400-acre toy manufacturing cluster at Koppal in Karnataka at an investment of USD 500 million, its Chairman Aravind Melligeri said.

“Toy industry globally is a USD 90 billion-market and Indian market size is about USD 1.7 billion,” he said.