Toy industry bats for resolution of GST anomaly, roll-out of PLI scheme
With an aim to boost the growth of the sector, the toy industry has recommended that the government should resolve a Goods and Services Tax (GST) anomaly and also suggested immediate roll-out of the production linked incentive (PLI) scheme.
Toy Association of India (TAI) Senior Vice-President and Little Genius Toys CEO Naresh Gautam said that besides PLI and GST, the industry has urged for resumption of Credit Linked Capital Subsidy Scheme (CLCSS). He further noted that the PLI is the need of the hour as it would help in tapping huge business opportunities.
Gautam further said that it is a labour intensive sector and support measures by the government would help in creating jobs and increasing exports. Gautam said ‘We train unskilled people for jobs, particularly women workers. We are more competitive than China’.
