CURRENT AFFAIRS

Detailed explanation-1: -India’s first toy cluster based in Koppal in Karnataka started its operations on Tuesday (12 July). The Koppal Toy Cluster (KTC), set up by Aequs Infra, a group company of Belagavi-based Aequs Pvt.

Detailed explanation-2: -Karnataka will have India’s first Toy manufacturing cluster in Koppala. This Cluster will create 40, 000 jobs. For this project, the government is likely to the investment of 5000 Crore rupees. Cluster built in a 400 acre SEZ (Special Economic Zone) Koppala near Bengaluru.

Detailed explanation-3: -The Koppal Toy Cluster (KTC), the first such infrastructure in the country, will be operational in March 2022, said Aravind Melligeri, chairman and CEO of Aequs. KTC is being set up by Aequs Infra, a group company of Belagavi-based Aequs Pvt. Ltd.

Detailed explanation-4: -“The government has approved eight new toy clusters in a recent meeting, ” a senior official in the MSME ministry said. The government has approved three clusters in Madhya Pradesh, two in Rajasthan, and one each in Karnataka, Uttar Pradesh and Tamil Nadu.

Detailed explanation-5: -Funskool (India) Ltd. is one of the leading toy manufacturing companies in India.