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 better business idea. According to your skills, you can easily earn lakhs of rupees every month. Similarly, the Prime Minister of the country, 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 lot 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 get 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. In which there is a lot of demand and it is never going to decrease.
Start toy business on a small scale
No business grows immediately. 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 material 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 a hand-operated cloth cutting machine starts from around Rs 4,000 in the market. At the same time, sewing machine is available for Rs 9,000 to 10,000. Rs 5000-7000 will be spent on other expenses. How to earn from toy business? In the beginning, you can easily make 100 units of soft toys and teddy with raw material worth Rs 15,000. In this way, you will need about Rs 35,000 to start this business. A soft toy or teddy easily gets a rate of Rs 500-600 in the market. That is, by investing Rs 35000 to 4000, you can easily earn Rs 50000-60,000 every month.
Toys imports decreased, exports increased
According to media reports, till just three-four years ago, 85 percent of the toys sold in India were imported. Now children of countries like America, Europe, Japan, New Zealand, Australia play with Indian toys. Indian toy manufacturers are working as the original manufacturers of global toy brands. Toy imports have 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 the financial year 2018-19. Which came down 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.
