Rubber industry seeks Centre's support for land in North-East

About 4 lakh hectares of land available for rubber cultivation in the North Eastern region, including Tripura, which has the maximum land

The All India Industries Association (AIRIA) today sought the Centre's support for allocation of land in the North-eastern region for cultivation.

"We have identified potential lands in the seven North- eastern states that can be useful for the industry and have sent a proposal to the union government, asking them to provide one-third of its support in the region due to security threats," AIRIA President Vinod Simon told reporters here.

"As industrialists, we are ready to invest there. But given the situation there, including security threats, we need the government to provide some support. They may even offer one-third of their support in a project," he said on the sidelines of the National Conference here today.

Simon said there are about four lakh hectares of land available for in the North Eastern region, including Tripura, which has the maximum land.

"We have done satellite mapping and have identified that certain forest area in the North Eastern region are suitable for cultivation", he said.

Noting that the Rs 50,000-crore industry has seen a robust growth in the last two years, he said government should not allow export of Natural Rubber, as there is shortage in the domestic market.

"Natural shortage was 65,000 tonnes last year and this year it is expected to reach 75,000 tonnes. Therefore, exports should be stopped," an AIRIA official said.

The Association said levying of anti-dumping duties on carbon black and chemicals, major raw materials for the industry, has made products more expensive compared to finished goods.

"The import of those raw materials of the industry which are not indigenously produced is subjected to high rate of custom duty which makes it more difficult for the industry against import of finish products," Simon said.

The Association,he said,had requested customs duty waiver on raw material not manufactured domestically like butyl and other hi-tech synthetic rubbers and materials.

Observing that South India accounts for 40% of consumption in India, he said the industry was gearing up to tap new opportunities, particularly in the auto component sector.

"During the last financial year also when economic crisis slacked across the sectors,consumption exceeded that of last year. However, for maintaining the growth momentum, the industry is in need of certain enablers at the policy level", he said.

The industry has about 4,500 manufacturers, employing more than 4.5 lakh people.

image
Business Standard
177 22
Business Standard

Rubber industry seeks Centre's support for land in North-East

About 4 lakh hectares of land available for rubber cultivation in the North Eastern region, including Tripura, which has the maximum land

Press Trust of India  |  New Delhi 

The All India Industries Association (AIRIA) today sought the Centre's support for allocation of land in the North-eastern region for cultivation.

"We have identified potential lands in the seven North- eastern states that can be useful for the industry and have sent a proposal to the union government, asking them to provide one-third of its support in the region due to security threats," AIRIA President Vinod Simon told reporters here.



"As industrialists, we are ready to invest there. But given the situation there, including security threats, we need the government to provide some support. They may even offer one-third of their support in a project," he said on the sidelines of the National Conference here today.

Simon said there are about four lakh hectares of land available for in the North Eastern region, including Tripura, which has the maximum land.

"We have done satellite mapping and have identified that certain forest area in the North Eastern region are suitable for cultivation", he said.

Noting that the Rs 50,000-crore industry has seen a robust growth in the last two years, he said government should not allow export of Natural Rubber, as there is shortage in the domestic market.

"Natural shortage was 65,000 tonnes last year and this year it is expected to reach 75,000 tonnes. Therefore, exports should be stopped," an AIRIA official said.

The Association said levying of anti-dumping duties on carbon black and chemicals, major raw materials for the industry, has made products more expensive compared to finished goods.

"The import of those raw materials of the industry which are not indigenously produced is subjected to high rate of custom duty which makes it more difficult for the industry against import of finish products," Simon said.

The Association,he said,had requested customs duty waiver on raw material not manufactured domestically like butyl and other hi-tech synthetic rubbers and materials.

Observing that South India accounts for 40% of consumption in India, he said the industry was gearing up to tap new opportunities, particularly in the auto component sector.

"During the last financial year also when economic crisis slacked across the sectors,consumption exceeded that of last year. However, for maintaining the growth momentum, the industry is in need of certain enablers at the policy level", he said.

The industry has about 4,500 manufacturers, employing more than 4.5 lakh people.

RECOMMENDED FOR YOU

Rubber industry seeks Centre's support for land in North-East

About 4 lakh hectares of land available for rubber cultivation in the North Eastern region, including Tripura, which has the maximum land

The All India Rubber Industries Association (AIRIA) today sought the Centre's support for allocation of land in the North-eastern region for cultivation.

The All India Industries Association (AIRIA) today sought the Centre's support for allocation of land in the North-eastern region for cultivation.

"We have identified potential lands in the seven North- eastern states that can be useful for the industry and have sent a proposal to the union government, asking them to provide one-third of its support in the region due to security threats," AIRIA President Vinod Simon told reporters here.

"As industrialists, we are ready to invest there. But given the situation there, including security threats, we need the government to provide some support. They may even offer one-third of their support in a project," he said on the sidelines of the National Conference here today.

Simon said there are about four lakh hectares of land available for in the North Eastern region, including Tripura, which has the maximum land.

"We have done satellite mapping and have identified that certain forest area in the North Eastern region are suitable for cultivation", he said.

Noting that the Rs 50,000-crore industry has seen a robust growth in the last two years, he said government should not allow export of Natural Rubber, as there is shortage in the domestic market.

"Natural shortage was 65,000 tonnes last year and this year it is expected to reach 75,000 tonnes. Therefore, exports should be stopped," an AIRIA official said.

The Association said levying of anti-dumping duties on carbon black and chemicals, major raw materials for the industry, has made products more expensive compared to finished goods.

"The import of those raw materials of the industry which are not indigenously produced is subjected to high rate of custom duty which makes it more difficult for the industry against import of finish products," Simon said.

The Association,he said,had requested customs duty waiver on raw material not manufactured domestically like butyl and other hi-tech synthetic rubbers and materials.

Observing that South India accounts for 40% of consumption in India, he said the industry was gearing up to tap new opportunities, particularly in the auto component sector.

"During the last financial year also when economic crisis slacked across the sectors,consumption exceeded that of last year. However, for maintaining the growth momentum, the industry is in need of certain enablers at the policy level", he said.

The industry has about 4,500 manufacturers, employing more than 4.5 lakh people.

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard