Namasthe World Signs MoU For ₹36 Crore Toy And Handloom Manufacturing Units In Andhra Pradesh
Namasthe World is taking its toy brand from retail into manufacturing. The Hyderabad-based toy and storytelling startup, founded by Bhuma Mounika Manchu with actor Manchu Manoj, has signed an MoU with the Andhra Pradesh government for sustainable apparel, handloom and toy manufacturing centres in Kurnool and Visakhapatnam, with a proposed investment of ₹36.24 crore.
The two facilities are expected to create about 1,050 jobs, including around 950 direct ones. Handloom fabric will be turned into garments, and surplus material into dolls and soft toys. The MoU follows a three-year agreement with the state’s Economic Development Board in October to build characters, short films and QR-linked experiences around Etikoppaka and Kondapalli toys.
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