New Delhi, Oct. 27 -- The Indian government is finalizing a massive Rs 13,000-crore incentive scheme aimed at transforming India into a global hub for toy manufacturing.

The initiative, led by the Department for Promotion of Industry and Internal Trade (DPIIT), seeks to boost domestic production, reduce import dependence, and create large-scale employment in the toy industry.

Once approved by the Cabinet, the scheme will offer multiple benefits to toy manufacturers. These include Turnover-Linked Incentives (TLI) to reward higher sales, Localisation-Linked Incentives (LLI) to encourage domestic sourcing of materials, and Employment-Linked Incentives (ELI) to promote job creation.

The move aligns with the "National Action Plan for Toys" ...