Toy manufacturers raise issues at DPIIT meet
They seek govt. to resolve GST anomaly and immediate roll-out of the production linked incentive scheme
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New Delhi Toy manufacturers have urged the government to resolve a GST (Goods and Services Tax) anomaly and immediate roll-out of the production linked incentive scheme to boost the growth of the sector.
These issues were raised by the industry during a meeting called by the Department for Promotion of Industry and Internal Trade (DPIIT) on July 8 here. The meeting was attended by representatives of global and domestic toy manufacturers, retailers, associations, and government officials to discuss the opportunities in the domestic toy sector. It was chaired by DPIIT Secretary Rajesh Kumar Singh.
Toy Association of India (TAI) Senior Vice-President and Little Genius Toys CEO Naresh Gautam, who attended the meeting, said that besides PLI and GST, the industry has urged for resumption of Credit Linked Capital Subsidy Scheme (CLCSS). "PLI is the need of the hour as it would help in tapping huge business opportunities," Gautam, who has been making wooden toys for the last 32 years, said. He added that it is a labour intensive sector and support measures by the government would help in creating jobs and increasing exports. "We train unskilled people for jobs, particularly women workers.
We are more competitive than China," Gautam said. Another industry official said that the meeting was a major platform to interact with the government, global players and domestic manufacturers. Sharing similar views, Toy Association of India Chairman Manu Gupta said that a lot of issues were raised such as standard input output norms (SION) for all toys, and resumption of credit linked capital subsidy scheme.
