No proposal for opening of industrial parks for rubber based units: Ministry of Commerce

Government has taken various measures to help rubber growers

The Government has taken various measures to help rubber farmers struggling due to price fall of natural rubbers. Domestic rubber prices are highly sensitive to import of natural rubber. To regulate the import of natural rubber, the Government has increased duty on import of dry rubber from 20% or Rs 30 per kg whichever is lower to 25% or Rs 30 per kg whichever is lower from 30 April 2015 in order to create demand for locally produced rubber.

The Government has also reduced the period of utilization of imported dry rubber under advance licensing/ authorization scheme from 18 months to 6 months.

Director General of Foreign Trade (DGFT) has imposed port restriction on the import of natural rubber by restricting the port entry to Chennai and Nhava Sheva (Jawaharlal Nehru Port) since 20th January, 2016.

Rubber production incentive scheme is under implementation in the major rubber growing state of Kerala for providing financial support to rubber growers under which the difference between the scheme reference price of Rs 150 per kg and the daily market price is credited to the bank account of the farmer directly on the basis of purchase bills.

The Minister of State for Commerce & Industry C R Chaudhary has also informed that the Government has no proposal for opening of industrial parks for rubber based units.

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