Tag: Indo-German Chamber of Commerce

  • Kids India 2024: Unveiling the future of India’s growing toy industry

    Kids India 2024: Unveiling the future of India’s growing toy industry

    Mumbai: India’s premier platform for the toy and children’s products industry – Kids India 2024 trade show, kicked off at the Jio Convention Centre, Mumbai. Organised by toy fair organisers in Germany, Spielwarenmesse India Pvt Ltd, this year’s event brings together leading manufacturers, distributors, retailers, and industry professionals, showcasing the latest trends, innovations, and products shaping the future of play in India.

    The fair is supported by key industry associations, including the Sports Goods Export Promotion Council (SGEPC) and The All India Toy Manufacturers’ Association (TAITMA), Ministry of Small & Medium Enterprises (MSME) and managed by the Indo-German Chamber of Commerce.  

    The opening ceremony featured several distinguished speakers, each providing valuable insights into the current state and future direction of the toy industry.

    Spielwarenmesse eG spokesperson of the executive board Christian Ulrich reflected on Kids India’s impact, stating, “Since 2013, our event has significantly contributed to the growth of India’s toy industry, connecting new players with both domestic and international buyers. Kids India offers a unique platform for Indian companies, especially those new to global trade shows, to access international markets and meet key buyers. It truly represents ‘Made in India for Global Play.’ The growing number of Indian participants at Spielwarenmesse reinforces our belief in the Indian market’s potential.”

    Indo German Chamber of Commerce deputy director general Ute Brockmann highlighted India’s expensive economic potential, stating, “India’s dynamic market and growing innovation ecosystem offer significant opportunities for both domestic and global investments. As the country strengthens its global presence, it is set to drive substantial economic growth across various sectors.” She added, “This growth also presents exciting opportunities for companies in the toy industry.”

    India’s toy industry is experiencing rapid growth, driven by increasing consumer demand, rising disposable incomes, and a growing focus on quality and safety standards. Domestic production now accounts for nearly 70 per cent of the market, with the sector benefiting from the Make in India initiative. The market is expected to exceed $3 billion by 2028, establishing India as a global hub for toy production.

    Sports Goods Export Promotion Council (SGEPC) executive director Tarun Dewan, spoke about India’s growing role in the global toy export market, highlighting the alignment of Indian manufacturers with international safety standards and the rising production capabilities that are opening new growth avenues.

    “India’s ability to meet global safety standards and deliver high-quality, innovative products is positioning us as a key exporter. Kids India 2024 fosters collaboration and networking opportunities between the exhibitors and the overseas buyers invited by SGEPC, that are vital for expanding India’s footprint on the global stage,” Dewan remarked.

    The All India Toy Manufacturers Association (TAITMA) president Manish Kukreja focused on the industry’s shift towards eco-friendly and educational toys, while highlighting the increasing adoption of sustainable production methods and the role of technology in driving toy innovation.

    “Indian manufacturers are embracing sustainability and innovation, and we are seeing a surge in demand for products that promote creativity, education, and environmental responsibility. Kids India 2024 reflects the ingenuity of Indian manufacturers in adapting to both domestic and international trends,” Kukreja commented.

    The opening ceremony culminated in a lamp-lighting ceremony, followed by a VIP tour of the exhibition, where the latest innovative products were showcased, from traditional toys such as board games and soft toys to STEM based learning and educational tools.

    This year, Startup India is a prominent partner, supporting entrepreneurs and startups who are transforming the Indian toy industry with their innovative ideas and products. Ministry of commerce and industries, govt of India Startup India’s assistant manager Suyash Tripathi emphasised the growing role of startups in the toy market. “The toy industry is seeing a wave of innovation driven by startups. Whether it’s eco-friendly materials or tech-enhanced toys, entrepreneurs are reshaping this market. Startup India is proud to be a part of this ecosystem and to support the next generation of leaders in this space,” said Tripathi.

    With its focus on innovation, sustainability, and growth, Kids India 2024 provides a vital platform for industry stakeholders to connect, collaborate, and shape the future of play. As India continues to align its toy safety standards with international norms, expand its manufacturing base, and innovate with technology, the country is well on its way to becoming a global leader in toy production.

  • ACHEMA and the Indo-German Chamber of Commerce announce Industry professionals session

    ACHEMA and the Indo-German Chamber of Commerce announce Industry professionals session

    Mumbai: On behalf of ACHEMA, the world forum and show for the process industries, The Indo-German Chamber of Commerce extends a special invitation to industry professionals, decision-makers, and enthusiasts to attend the thought-provoking session – “ACHEMA 2024: Catalysts of Change – Navigating Industrial Growth and Sustainable Development” in Mumbai, India.

    Organised as part of ACHEMA’s Asia-Pacific Roadshow, the pre-event presentation and networking session is scheduled for 30 January 2024.

    The two-hour session will feature distinguished speakers, including Achim Fabig, Consul General, German Consulate General, Mumbai; Andreas Konert, jead of business development and sales; and Ute Brockmann, deputy director general, Indo-German Chamber of Commerce. It will focus on the Pharma and Chemical industries in India, sharing insights on India’s pathways for industrial growth and sustainable development in process industries, and the transformative journey that the country is currently undertaking.

    As a run-up to the upcoming ACHEMA 2024 in Frankfurt, Germany, the session will emphasise their role as ideal platforms for “inspiring strong connections” between process industry experts, decision-makers, and solution providers. It aims to shed light on the critical theme of “Navigating Industrial Growth and Sustainable Development” within the Indian landscape.

    DECHEMA Ausstellungs- GmbH head of business development & Sales, Andreas Konert said, “This event is not just a presentation; it’s a platform for fostering connections, sharing knowledge, and paving the way for sustainable development. We believe that the collaboration between ACHEMA and the Indo-German Chamber of Commerce will facilitate a deeper understanding of the transformative changes occurring in the Indian Pharma and Chemical industry.”

    As India takes centre stage in innovative advancements across pharmaceuticals, biotech, chemicals, food processing, and healthcare, the discussion will delve into how these industries can contribute to welfare, well-being, and sustainability. Attendees will have the chance to engage with industry leaders, gain valuable insights, and contribute to the ongoing discourse on sustainable industrial growth.

    The session does not include any commercials for participation. For further information, check here.

    Session Details
    Date: January 30th, 2024
    City: Mumbai
    Time: 10:30 AM to 11:00 AM Registration
             11:00 AM to 12:30 PM Presentation
             12:30 PM onwards Networking Lunch