India will spend ₹3,500 crore on toys to outplay China
The Union government is planning a ₹3,500 crore production-linked incentive (PLI) scheme for toys that comply with Bureau of Indian Standards (BIS) norms, an official said. The idea is to cut imports of unsafe toys from China and build domestic manufacturing capabilities. This comes after a government survey in 2019 found that only 33% of … Read more