Business News Desk – In today’s economic era, everyone wants to earn some extra money along with their job. If you are also looking for some extra money, then we are giving you a good business idea. According to your skills, you can easily earn lakhs of rupees every month. Similarly, the country’s Prime Minister Narendra Modi is emphasizing on making the country self-reliant. For this, the toy industry is being promoted rapidly by the Modi government. Its demand is never going to decrease. You too can earn a good amount by coming into this sector. Actually, China has a huge dominance over India’s toy market. The Modi government not only wants to reduce this dominance, but is also trying to deliver Indian toys into the hands of children in America and Europe. This will increase the country’s exports. The government is also getting success in this effort. This is such an industry. The demand for which is very high and it is never going to decrease.
Start toy business on small scale
No business becomes big instantly. It is not wise to wait to start a factory with dozens of employees in the beginning. Business should be started only after doing proper research. You can start the business of making soft toys and teddies from home. This business can also be started from home. You do not need to invest lakhs of rupees in this. You can start it by investing Rs 40,000. With this you will start earning around Rs 50,000 every month.
These things will be needed to make toys
Talking about investment in this business, you will have to buy two machines in particular. Raw materials will have to be purchased. Apart from this, to make 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 machine is available for Rs 9,000 to Rs 10,000. Rs 5000-7000 will be spent on other expenses.
How to earn from toy business
Initially you can easily make 100 units of soft toys and teddies with raw material worth Rs 15,000. In this way, to start this business you will need around Rs 35,000. A soft toy or teddy is easily available in the market for Rs 500-600. That means by investing Rs 35000 to Rs 4000, you can easily earn Rs 50000-60,000 every month.
Import of toys decreased, export increased
According to media reports, till just three-four years ago, 85 percent of the toys sold in India were imported. Now children from countries like America, Europe, Japan, New Zealand, Australia play with Indian toys. Indian toy manufacturers are acting as originators of global toy brands. Import of toys has decreased by 70 percent in three years. A bumper increase of 60 percent has been seen in exports. According to government data, India imported toys worth $371 million in fiscal year 2018-19. Which reduced to $110 million in the financial year 2021-22. In the financial year 2018-19, India exported toys worth $ 200 million, which increased to $ 326 million in the financial year 2021-22.
