Prime Minister Narendra Modi interacted with participants of Toycathon-2021 today via video conferencing.
Speaking on the occasion, the Prime Minister said that in the last 5-6 years, youth of the nation has been connected with the key challenges of the country through the platform of Hackathons. Thinking behind this is to organize the capabilities of the country and to give them a medium, he said.
Apart from the importance of toys as the first friend of the children, the Prime Minister also emphasized the economic aspects of toys and gaming, he called it ‘Toyconomy’. The Prime Minister said that global toy market is about 100 billion dollars and India have only 1.5 per cent of this market. India imports almost 80 per cent of its toys. This means that crores of rupees are being drained out of the country. This needs to change, said the Prime Minister.
The Prime Minister referred to the cheap data and growth of Internet led rural connectivity and called for exploration of possibilities in virtual, digital and online gaming in India. The Prime Minister rued the fact that most of the online and digital games available in the market are not based on Indian concepts and many such games promote violence and cause mental stress.
The Prime Minister mentioned that 75th anniversary of India’s Independence is a huge opportunity for the innovators and creators of the toy industry. Many incidents, stories of our freedom fighters and their valour and leadership can be created into gaming concepts. These innovators have a big role in connecting ‘folk with the future’.
Toycathon 2021 was launched on 5th January, 2021 and the grand finale is being organized from June 22 to June 24. He further informed that the winners will be announced on 26th June and will be awarded with a winning amount of around Rs 60 lakhs.