Chinese Toy Company gives thumbs up to VSEZ

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    A major manufacturer  of plastic and electronic toys in China, M/s.Tsun Tat Toy Company Limited, along with M/s. Pals Plush India has evinced interest in setting up a toy manufacturing unit in VSEZ.
    A delegation of ten people from the joint venture had recently visited VSEZ wherein they held detailed negotiations with top VSEZ officials and submitted a letter of intent for putting up a manufacturing facility.
    As per an official communication from VSEZ it stated that Mr. S.C.Tong, Managing Director, M/s.Tsun Tat Toy Company Limited and his team were extremely happy with the facilities at VSEZ. 
    ‘We have visited several SEZs across the country and assessed the facilities available in all the SEZs and finally decided to set up a unit in VSEZ and rated VSEZ as the most investor friendly with very proactive and cooperative’ stated the release citing Mr Tong. 
    VSEZ Development Commissioner Mr A.R. M. Reddy informed that the Chinese group proposed to invest USD 10 million to start with and will initially provide employment to nearly 600 people. This he said will be scaled up to 3000 people by 2021-22. 
    The toys manufactured in the VSEZ Unit will be exported to the top toy companies in major destinations like Europe and North America.
    VSEZ has designated a built up space of 18460 sq.m. in SDF II building for setting up of the unit spread over 6 floors. 
    The company will provide training to the employees by foreign technicians and will impart the required skill sets to meet the industry requirements and will also send the employees to China for further training.

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