24.9 C
New York
Saturday, October 16, 2021

India: Govt to form committee to formulate National Rubber Policy

New Delhi: Department of Commerce, Government of India, has agreed to form a core committee to formulate a National Rubber Policy, a source told ETAuto. The move came during a meeting with Automotive Tyre Manufacturers Association (ATMA) and other industry representatives.

The policy is expected to be formulated in line with the existing national auto policy which will envisions a long term roadmap and strategy for rubber sector in India.

ETAuto spoke to Rajani Ranjan Rashmi, Additional Secretary, Plantations, and National Steering Committee on Organic Products who declined to comment on this subject.

A highly place source in ATMA said: “If the policy comes into force it will help the entire value chain of rubber, the vehicle, and tyre industry.”

According to the proposal, the committee will have representatives from all the stake holders include tyre makers, rubber producers and automobiles manufacturers.

For the past few year India has been consuming more rubbers than it produces. According to Rubber Board figures, the gap between domestic production and consumption widened to 133400 tonnes in the recently concluded year 2013-14. Industry estimates that during the current fiscal year also the production will lag behind consumption by around 100000 tonnes. The biggest share around 65% of the total rubber is consumed by tyre manufacturing industry.

– India Times

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

10,815FansLike
12,893FollowersFollow
756FollowersFollow
- Advertisement -

Latest Articles

Popular Articles