<h1>Indian Toy Industry Booms: Secures $10M Orders at Nuremberg Fair, Boosted by Govt Initiatives and Export Growth.</h1> Indian toy manufacturers secured significant orders exceeding $10 million at the Nuremberg International Toy Fair, held from January 30 to February 3, 2024. Government initiatives, such as mandatory quality norms, increased customs duty, and the National Action Plan on Toys, have bolstered the production of high-quality toys, attracting global buyers from the US, UK, South Africa, and Germany. The Indian toy industry is gaining international recognition as a viable sourcing destination, with interest in joint ventures and partnerships. The sector has seen a 239% increase in exports and a 52% decrease in imports from 2014-2023, positioning it for future growth.