The government has made the quality criterion tougher as per industry estimates, so from that time the toy imports from China have fallen by more than 50%. From September 1st, from the authorised agencies it is also mandatory to get compliance certification. The Chinese toys make up for about 70% Indian toy industry is worth Rs.5000 crores of this figure.
The retail prices have gone 8-14% high due to changed norms and it also impacted the supply. as per the industry, the wholesale prices have gone as high as 30% and a further increase in rates is expected.
In the current festive season which will last until Christmas, the toy supply will be further impacted as per the Big retailers.
Every year about 4-5 lakh stock keeping units (SKU) are imported into India, as per the industry. By National Accreditation Board for Testing and Calibration Laboratories (NABL) only 3-4 laboratories in India have been authorized to test the toys for compliance. in a week, these laboratories can check 100–150 SKUs.
The Chinese toys make up for about 70% Indian toy industry is worth Rs.5000 crores of this figure. To handle the large volume of toys, a lot more new infrastructure is needed besides the up gradation of old testing systems to meet the new mandates. This festive season, this will take time and there will be a delay in the toy availability.
By the Director General of Foreign Trade (DGFT) a notification was made on September 1st, which said that if the manufacturer fulfils the benchmarks set by Bureau of Indian Standards (BIS) the toy import will be permitted only. Testing for indoor and outdoor toys for both mechanically and electrically operated ones, it also prescribed the criteria for physical and mechanical properties, chemical content, and flammability.