9 months ago
Andhra Pradesh Approves 582-Acre Global Toy Park
The Andhra Pradesh government has approved the creation of a big toy-making park in Visakhapatnam.
This park, called the APIIC Global Toy Park, will be built on 581.39 acres and is expected to create more than 30,000 jobs, especially for women.
The park will have factories, tool-making units, and packaging facilities to make toys for export.
The government hopes this will make Andhra Pradesh a big player in the global toy market, which is worth $120 billion.
The project is part of a larger plan to attract international investors and create more jobs in the state.
The government has also cleared investment proposals worth Rs 20,444 crore, which are expected to generate 56,278 jobs.
The Andhra Pradesh government has approved the development of a 581.39-acre toy manufacturing cluster in Visakhapatnam in collaboration with Pals Global.
The APIIC Global Toy Park aims to create over 30,000 jobs, focusing on women's employment and environmentally sustainable production.
The project is expected to attract international toy manufacturers and position Andhra Pradesh as a key player in the global toy supply chain.
The government has issued a government order for the acquisition of 582 acres for the project, with a focus on swift clearances and investor-friendly governance.
The initiative aligns with Andhra Pradesh's broader strategy to position Visakhapatnam as a manufacturing and logistics hub and attract significant investment.
- Who
- Andhra Pradesh government in collaboration with Pals Global
- What
- Development of a large-scale toy manufacturing cluster
- Where
- Nakkapalli in Visakhapatnam district, Andhra Pradesh
- When
- Government order issued on November 16
- Why
- To position Andhra Pradesh as a potential export-oriented manufacturing hub and create employment opportunities
Key facts
- Location
- Nakkapalli, Visakhapatnam district, Andhra Pradesh
- Size
- 581.39 acres (first phase)
- Collaboration
- Pals Global
- Employment Potential
- More than 30,000 jobs, focusing on women
- Global Toy Market
- India's Toy Export Share
- Less than 0.50%
- Government Order Date
- November 16
- Investment Proposals Cleared
- Rs 20,444 crore
- Jobs Expected
- 56,278
Quotes
Official Press Release
Official press release from the Andhra Pradesh State Investment Promotion Board
“ReNew Photovoltaics, a subsidiary of ReNew Energy Global PLC, is investing Rs 3,990 crore to set up a greenfield plant at Rambilli in Anakapalli (district). The proposal was approved by the Andhra Pradesh State Investment Promotion Board.”
deccanchronicle.com
