Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Funskool in advance talks with Mattel for contract manufacturing
The New Indian Express Kannur
|September 11, 2025
INDIA'S biggest toy manufacturer, Chennai-based Funskool, is in advanced stage of discussions with Mattel Inc.—makers of Hot Wheels, Barbie dolls, and Jurassic World toys—for producing the latter's products at its Goa plants.
Speaking to TNIE, Funskool CEO KA Shabir said except for Mattel, all other US toy brands have halted production orders due to US tariffs. He added that orders from US customers have slowed significantly after the tariff announcement. The current tariff on toys stands at 50%. Shabir said: "The real impact (of US tariffs) will show in 2026. The tariffs are stalling the growth momentum of the toy industry just when global brands began investing in India. With the US being the world's largest toy market, such high tariffs make sourcing from India unworkable, pushing business to Southeast Asian countries."
Denne historien er fra September 11, 2025-utgaven av The New Indian Express Kannur.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The New Indian Express Kannur
The New Indian Express Kannur
ELOQUENT SILENCE OF CONSTITUTIONS
LUDWIG Wittgenstein famously concluded his Tractatus Logico-Philosophicus with the injunction: \"Whereof one cannot speak, thereof one must be silent.\"
3 mins
December 19, 2025
The New Indian Express Kannur
Plea on enhancing quality of packaged drinking water: Luxury litigation, says SC
'URBAN PHOBIA'
1 min
December 19, 2025
The New Indian Express Kannur
Kishan's statement ton helps Jharkhand lift title
OUT-OF-FAVOUR India wicketkeeper-batter Ishan Kishan made a compelling case for a T20I recall with a belligerent hundred to power Jharkhand to their maiden Syed Mushtaq Ali Trophy title with a 69-run victory over Haryana on Thursday.
1 min
December 19, 2025
The New Indian Express Kannur
Ace sculptor Ram V Sutar passes away at 100
RENOWNED sculptor Ram Vanji Sutar, best known for designing the Statue of Unity -- world's tallest statue -- in Gujarat, passed away at his Noida residence late on Wednesday night.
1 mins
December 19, 2025
The New Indian Express Kannur
U’khand youth forced to join Russia war, dies
A 30-year-old Uttarakhand man, who went to Russia on a student visa for higher studies, died after he was allegedly forced to join the Russian army for Ukraine war.
1 min
December 19, 2025
The New Indian Express Kannur
Aus PM vows hate speech crackdown after Bondi attack
Man of Indian orgin too helped disarm an assailant during the Sydney beach massacre
2 mins
December 19, 2025
The New Indian Express Kannur
Live-in relationship not illegal, state’s duty to protect every citizen, says HC
THE Allahabad High Court came to the rescue of 12 women, who were in live-in relationships and had petitioned the court seeking protection, fearing a threat to their lives.
1 mins
December 19, 2025
The New Indian Express Kannur
Vietnam war reporter, Pulitzer winner Peter Arnett dies at 91
PETER Arnett, the Pulitzer Prizewinning reporter who spent decades dodging bullets and bombs to bring the world eyewitness accounts of war from the rice paddies of Vietnam to the deserts of Iraq, has died.
1 min
December 19, 2025
The New Indian Express Kannur
No action against men who got ₹10K under women yojna
THE Bihar government on Thursday clarified that it would not take 'coercive action' against the 470 differently abled men who received ₹10,000 each under Mukhyamantri Mahila Rojgar Yojna ahead of the Bihar assembly elections.
1 min
December 19, 2025
The New Indian Express Kannur
BENGALURU MUST SUSTAIN ITS CLEANLINESS DRIVE
THE country's IT capital seems to be finally sloughing off its embarrassing title of 'Garbage City' with a multi-pronged strategy.
1 mins
December 19, 2025
Listen
Translate
Change font size