Union Minister Piyush Goyal has announced the formation of a task force to support the toy sector, with the aim of achieving a 5% share in the global toy market by 2032.
The announcement was made during the 'Team Up for Toys: Driving SCALE, Innovation and Exports' stakeholder meet, organised by the Department for Promotion of Industry and Internal Trade (DPIIT) at Vanijya Bhawan, New Delhi.
The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce & Industry has released the detailed operational guidelines for the implementation of the BHAVYA Scheme. The Central Sector Scheme aims to develop investment-ready, world-class industrial parks across the country.
The scheme aims to develop 100 industrial parks over a 6-year period from FY27 to FY32, with a total financial outlay of ₹33,660 crore. In the first phase, up to 50 industrial parks will be selected through a challenge-based competitive selection process.
The guidelines permit the development of both greenfield and eligible brownfield industrial parks. The minimum land requirement is set at 100 acres for non-hilly states and 25 acres for hilly states, northeastern states, Union Territories (UTs), and smaller states, with provisions to consider larger parks up to 1,000 acres.
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