Business EconomyPosted at: Apr 17 2024 4:29PM

Funskool eyes global growth, expands factories in India

Kolkata, Apr 17 (UNI) Funskool India, India’s leading toy manufacturer, has announced a significant expansion of its facilities in Ranipet, Tamil Nadu.
This expansion includes an addition of 163,000 square feet to its existing premises, effectively doubling the Company’s manufacturing capacity, according to a media statement on Wednesday.
The upgraded facilities in both Unit 1 and Unit 2 represent a substantial investment in Funskool's production capabilities. In addition to the 2 units at Ranipet, Funskool also has 162664 square feet of manufacturing space in its first plant at Goa.
Arun Mammen, Chairman of Funskool India Ltd and Vice Chairman & Managing Director of MRF Limited, remarked while inaugurating the upgraded facilities at both the Ranipet plants on Friday 12th April 2024, “Funskool India has experienced remarkable growth over the years. With this expansion, we solidify our position as a leader in India’s toy industry and move closer to our goal of transforming India into a global hub for toy manufacturing.”
R Jeswant, CEO of Funskool India Ltd, added, "Our commitment to the 'Make in India' initiative is stronger than ever. This expansion not only meets the Manufacturing needs of rising domestic demand but Exports as well. In addition to increasing capacity, Funskool’ s expansion allows for the production of a wider range of toys, including both plastic and wooden varieties. A dedicated wing within the expanded campus has started focussing on the manufacturing of wooden toys, aligning with Funskool’ s strategic growth objectives.”
K A Shabir, Vice President of Manufacturing & International Division, noted “The expansion was driven by a significant increase in export demand, with sizable growth over the previous year. “Funskool is now a preferred OEM supplier for international brands who view India as a reliable sourcing destination. Also, Funskool’s own brands are now being exported to over 35 countries.”
Highlighting the company’s commitment to social responsibility, the workforce at the Ranipet plants comprises 80 per cent women reinforcing Funskool’s dedication to empowering women and their critical role in national development.
Moreover, both factories in Ranipet utilize solar energy for running the plants, underscoring Funskool’s commitment to sustainability. Funskool recognizes the importance of sustainability and other practices in promoting fair dealing, ensuring health & safety and managing environmental impact in all operations.
Funskool has consistently been expanding its product portfolio through its homegrown brands such as Giggles, Fundough, Handicrafts, Games and Play&Learn, apart from numerous tie-ups with international toy manufacturing giants.
UNI SJC KK

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Tags: #Funskool eyes global growth # expands factories in India

No new player in fray; Airtel, Jio & Voda-Idea to fight for spectrum auction in June

13 May 2024 | 3:45 PM

New Delhi, May 13 (UNI) No new telecom player has applied to participate in the forthcoming spectrum auction in June leaving only existing trio – Bharti Airtel, Reliance Jio Infocom and Vodafone Idea to grab crucial airwaves for expansion of their mobility and internet based businesses.

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Srinagar, May 13 (UNI) :- A polling official marking the finger of an old lady with indelible ink at a polling station in central Kashmir’s Ganderbal segment of Srinagar Parliamentary constituency which goes to polls on Monday.UNI PHOTO-218U

Srinagar, May 13 (UNI) Voters showing their inked fingers after casting vote at Shallabug areas of central Kashmir’s Ganderbal district during the Fourth phase of Parliamentary elections on Monday.UNI PHOTO-217U

Srinagar, May 13 (UNI) Voters showing their inked fingers after casting vote at Shallabug areas of central Kashmir’s Ganderbal district during the Fourth phase of Parliamentary elections on Monday.UNI PHOTO-216U

Srinagar, May 13 (UNI) Voters showing their inked fingers after casting vote at Shallabug areas of central Kashmir’s Ganderbal district during the Fourth phase of Parliamentary elections on Monday.UNI PHOTO-215U

Srinagar, May 13 (UNI) Voters waiting in queues outside a polling station at Shallabug areas of central Kashmir’s Ganderbal district to exercise their right of vote during the Srinagar Parliamentary Lok Sabha elections on Monday.UNI PHOTO-213U

Srinagar, May 13 (UNI) Voters waiting in queues outside a polling station at Shallabug areas of central Kashmir’s Ganderbal district to exercise their right of vote during the Srinagar Parliamentary Lok Sabha elections on Monday.UNI PHOTO-213U

Srinagar, May 13 (UNI) Voters waiting in queues outside a polling station at Shallabug areas of central Kashmir’s Ganderbal district to exercise their right of vote during the Srinagar Parliamentary Lok Sabha elections on Monday.UNI PHOTO-212U

Srinagar, May 13 (UNI) Voters waiting in queues outside a polling station at Shallabug areas of central Kashmir’s Ganderbal district to exercise their right of vote during the Srinagar Parliamentary Lok Sabha elections on Monday.UNI PHOTO-211U

Srinagar, May 13 (UNI) Voters waiting in queues outside a polling station at Shallabug areas of central Kashmir’s Ganderbal district to exercise their right of vote during the Srinagar Parliamentary Lok Sabha elections on Monday.UNI PHOTO-210U

Srinagar, May 13 (UNI) Voters waiting in queues outside a polling station at Shallabug areas of central Kashmir’s Ganderbal district to exercise their right of vote during the Srinagar Parliamentary Lok Sabha elections on Monday.UNI PHOTO-209U

Srinagar, May 13 (UNI) Voters waiting in queues outside a polling station at Shallabug areas of central Kashmir’s Ganderbal district to exercise their right of vote during the Srinagar Parliamentary Lok Sabha elections on Monday.UNI PHOTO-208U

Srinagar, May 13 (UNI) Voters waiting in queues outside a polling station at Shallabug areas of central Kashmir’s Ganderbal district to exercise their right of vote during the Srinagar Parliamentary Lok Sabha elections on Monday.UNI PHOTO-207U

Srinagar, May 13 (UNI) Voters waiting in queues outside a polling station at Shallabug areas of central Kashmir’s Ganderbal district to exercise their right of vote during the Srinagar Parliamentary Lok Sabha elections on Monday.UNI PHOTO-206U

Srinagar, May 13 (UNI) Voters waiting in queues outside a polling station at Shallabug areas of central Kashmir’s Ganderbal district to exercise their right of vote during the Srinagar Parliamentary Lok Sabha elections on Monday.UNI PHOTO-205U

Srinagar, May 13 (UNI) Voters waiting in queues outside a polling station at Shallabug areas of central Kashmir’s Ganderbal district to exercise their right of vote during the Srinagar Parliamentary Lok Sabha elections on Monday.UNI PHOTO-204U

HYDERABAD, MAY 13 (UNI):- A voter showing mark indelible ink after casting her vote at a polling booth during the 4th phase of Lok Sabha poll, at Bolarum in Secunderabad on Monday. UNI PHOTO-203U

HYDERABAD, MAY 13 (UNI):- Voters showing mark indelible ink after casting their vote at a polling booth during the 4th phase of Lok Sabha poll, at Bolarum in Secunderabad on Monday. UNI PHOTO-202U

HYDERABAD, MAY 13 (UNI):- A voter showing mark indelible ink after casting her vote at a polling booth during the 4th phase of Lok Sabha poll, at Bolarum in Secunderabad on Monday. UNI PHOTO-201U

MANDSAUR, MAY 13 (UNI):- Transgender voters showing mark of indelible ink after casting their votes at a polling booth during the fourth phase Lok Sabha Election-2024, in Mandsaur, Madhya Pradesh on Monday. UNI PHOTO-200U

SEHORE, MAY 13 (UNI):- Voters showing mark of indelible ink after casting their votes at a polling booth during the fourth phase Lok Sabha Election-2024, in Sehore, Madhya Pradesh on Monday. UNI PHOTO-199U