siliconindia | | March 20204There was a time when the Indian toy market was flooded by foreign toys, especially China made. As the China-made products are more infamous for their poor quality raw materials and harmful chemicals resulting in several health issues for kids, it was time for Indian toy companies to grow beyond the usual baby dolls and mini cars to create world-class products that could stand strong among the international brands. Also, while the market is still flooded with some international designs like Barbie dolls and racing cars, it is time that the industry looks beyond this usual stuff and starts producing educational toys, which means fun and learn at the same time. The Indian toy industry is projected to grow to over $3.3 billion by 2024, growing at a CAGR of 13.3 percent during 2019-2024. Thanks to the rising disposable income and the strong economic growth, the demand for quality toys is on the rise in the country. On the other hand, parents are looking more of a 2-in-1 solution for their kids, where they can learn and have fun at the same time. While the growth looks tremendous, the coronavirus breakout in China is very much impacting the Indian toy market negatively. On the other hand, the 200 percent rise in the import duty on toys will empower the local manufacturers to bug-up and start producing world-class products that are not just in-demand in the country, but globally as well. Looking at this growing market, we at siliconindia Magazine bring to you `10 Most Promising Toy Companies ­ 2020'. With an aim to give wings to the Indian toy manufacturers, we have shortlisted 10 companies who are producing indigenous toys based on the foundation of quality and comfort. Read to know more about them.Do let us know what you think! Anamika SahuManaging Editoreditor@siliconindia.comEditorialTime to Play Vol 09 · Issue 3 - 1 · March, 2020 Publisher Alok Chaturvedi Managing Editor Anamika Sahu Associate Editor Susila Govindaraj Editorial Team Ananth.V Avinash Roy Mandvi Singh Manoswita Naha Srrayvinya OLM Sujith Vasudevan VP - Sales & Marketing Virupakshi Pattar Advertising Managers Editorial queries editor@siliconindia.com To subscribe Visit: www.siliconindia.com/subscribe/ or send email to subscription@siliconindia.com Cover price is Rs.150 per issue. Printed and Published By Alok Chaturvedi on behalf of SiliconMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2020 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.advertise@siliconindia.comVisualisers Manjunath Vetrivel S Group Art DirectorAshok KumarNoidaAshu Sethi Garima Anand Circulation Manager Magendran PerumalAnupreethi Danila.D Chander Thyagaraj Felisha Rita Correspondents Sigma Mohanty Subhadarshani Mohanty
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