‘Namasthe World’ signs MoU with AP govt

Metro India News | visakhapatnam

Hyderabad-based storytelling and toy startup Namasthe World, founded by Bhuma Mounika Manchu and actor-entrepreneur Manchu Manoj, has signed an MoU with the Andhra Pradesh Government at the 31st CII Partnership Summit to establish sustainable handloom, apparel and toy manufacturing centers in Kurnool and Visakhapatnam, with a proposed investment of Rs 36.24 crore. The integrated manufacturing initiative aims to transform handloom fabrics into garments and utilize surplus material to manufacture dolls and soft toys, promoting sustainable production.

The project is expected to generate around 950 direct jobs and 100 indirect employment opportunities. Founder and CEO Bhuma Mounika Manchu said the initiative would empower artisans, strengthen traditional craftsmanship and create new economic opportunities.  The company has already developed over 55 plush designs and sold more than 43,000 BIS-certified toys, promoting Indian cultural heritage through storytelling and innovation.