Business Idea: The Indian toy industry has grown from strength to strength. Children from Europe, Japan and America are playing with Indian toys. You too can earn big money by entering this sector. Along with this, we can also contribute in making the country self-reliant. Know how to get into the toy industry at a very low cost and earn handsomely
In today’s economic era, everyone’s desire is that it is better if there is some extra income along with the job. If you are also looking for some extra income, then according to your skills, you can easily earn lakhs of rupees every month.
Similarly, the Prime Minister of the country Narendra Modi is emphasizing on making self-reliant. For this, the toy industry is being rapidly promoted by the Modi government. Its demand is never going to decrease. You too can not only start a big earning business by coming in this sector but can also contribute in making the country self-reliant.
In fact, China has a huge dominance over India’s toy market. The Modi government not only wants to reduce this influence, but is also trying to put Indian toys in the hands of children in America and Europe. This will increase the exports of the country. The government is also getting success in this effort. This is one such industry. In which there is a huge demand and it is never going to decrease.
Start small scale
No business becomes big immediately. It is not wise to wait to start a factory with dozens of workers in the beginning. Business should be started by doing better research. You can start the business of making soft toys and teddy from home. This business can also be started from home. You do not need to invest lakhs of rupees in this. You can start by investing Rs 40,000 in it. With this you will start earning around Rs 50,000 every month.
These items will be needed
Talking about investment in this business, you have to buy two machines in particular. Raw material has to be bought. Apart from this, for making soft toys and teddies on a small scale, you will need a hand operated cloth cutting machine and sewing machine. The price of hand operated cloth cutting machine starts from around Rs 4,000 in the market. Whereas sewing machines are available for Rs 9,000 to 10,000. 5000-7000 rupees will be spent in other expenses.
Earn like this
Initially you can easily make 100 units of soft toys and teddies with raw materials costing Rs 15,000. In this way, it will cost you around Rs 35,000 to start this business. A soft toy or teddy easily fetches a rate of Rs 500-600 in the market. Means you can easily earn 50000-60,000 rupees every month by investing 35000 to 4000 rupees.
Import of toys decreased, export increased
According to media reports, 85 per cent of the toys sold in India were imported just three-four years ago. Now children of countries like America, Europe, Japan, New Zealand, Australia play with Indian toys. Indian toy makers are acting as the parent manufacturers of the global toy brands. Toy imports have come down by 70 per cent in three years.
There has been a bumper increase of 60 per cent in exports. According to government data, India imported toys worth $371 million in the financial year 2018-19. Which reduced to $ 110 million in the financial year 2021-22. In the financial year 2018-19, India had exported toys worth $ 200 million, which increased to $ 326 million in the financial year 2021-22.
