Veva Toys chalks out expansion plan, to invest Rs 1,000 crores
Popular Indian toy manufacturer Veva Toys Global is eyeing expansion. The firm has plans to invest Rs 1,000 crores over the next 5 years to scale production, setting up a new factory, expanding component manufacturing, and strengthening R&D, as the company taps into the export market.
As per the firm, the plan is to manufacture their own PCBs, motors, and batteries used in toys, to reduce dependence on imports over time.
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