China Delegation Explores Indian Toy Market Growth

A delegation comprising representatives from China, Taiwan, and Hong Kong recently visited an Indian toy exhibition. During this visit, industry experts explored potential avenues for collaboration with their Indian counterparts. May Liang, Chair of the China Toy & Juvenile Products Association, underscored the substantial growth prospects of the Indian toy market. She attributed this potential to India's vast young demographic, noting that over 20 million newborns each year represent a significant opportunity for global toy manufacturers. This visit marked Liang's first experience at an Indian toy fair, and she reported a warm and productive engagement with members of the Indian Toy Association. Discussions were centered on enhancing cooperation, with a notable emphasis on the ride-on toys segment. Liang also observed considerable improvements in the quality standards of India's toy manufacturing sector in recent years, influenced partly by multinational companies producing goods within the country.