Writing Business Plans/Toy Manufacturing Business.
What will be the investment capital required to start a Toy Manufacturing Business ?.
Toys manufactured will be for children ages from 2 years to 8 years.
Toys manufactured will be of both the categories i.e. Mechanical as well as electro-mechanical type.
Awaiting your reply,
Thanks & Regards,
Prashant S Akerkar
MY APOLOGY FOR THE DELAY--DUE TO HEALTH PROBLEM
The Indian toy industry is a major market for both domestic and international players, owing to low penetration (0.5 per cent) as well as growth in the size of the middle class. India's toy industry has a meagre share of 0.51 per cent of the global market. The Indian toy market, whose size is estimated at about Rs 15,000 crore (as of March 2015), is expected to grow at a compound annual growth rate (CAGR) of 20 per cent.
Only 20 per cent of the Indian market is served by Indian manufacturers, with the rest being accounted for by imports mainly from China and Italy, which offer wider variety at lower prices and attract children of all ages. These imports include fun games, electronic toys, board games, construction toys, stuffed toys, educational games and toy cars
Nearly 40 per cent of Indian toy makers have already closed down in the last five years and another 20 per cent are on the verge of closure, the study said. The toy industry in India is concentrated mainly in the small and cottage sectors, with about 4,000 manufacturers in all.
About 50 per cent of the toy units are in Delhi-NCR, 35 per cent are in Maharashtra, and the remaining 15 per cent are scattered across the country.
The toy industry currently employs a total of around five million by 2015.
You will need at least Rs 5 crores to start