Walmart to source toys, shoes, and bicycles from Indian suppliers for export purposes.
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Expansion plans include exploring opportunities in various categories like food, pharmaceuticals, consumables, health and wellness, apparel, and home textiles.
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Virtual meeting held with domestic toy manufacturers in India to discuss requirements and quality standards.
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Walmart committed to developing new suppliers across food, pharmaceuticals, consumables, health and wellness, and general merchandise categories.
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Focus on supporting micro, small, and medium-sized enterprises (MSMEs) in India.
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DPIIT has supported the export of domestically manufactured toys and facilitated connections with global suppliers.
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Indian toy exports surged to ₹1,017 crore during April-December 2022.
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Fiscal year 2021-22 witnessed toy exports reaching ₹2,601 crore, while imports declined by 70% to ₹870 crore.
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Potential implementation of a production-linked incentive (PLI) scheme for the toy industry.
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