KOCHI: Vietnam has invited Indian rubber industry to invest in the South Asian nation and benefit from the vibrant natural rubber sector in Vietnam. Currently Vietnam consumes only 15% of the more than 9 lakh tonnes of rubber produced in the country. A delegation of Vietnam Rubber Association(VRA) led by chairman Mr. Tran Ngoc Thuanvisited India recently and held talks with leading members of All India Rubber Industries Association (AIRIA).
India is one of the largest importers of rubber from Vietnam. In fact Vietnam has emerged as the second largest exporter of NR to India after Indonesia. Vietnam’s rubber exports to India jumped to 51273.13 tonnes in 2012-13 from 28113.95 tonnes in 2011 -12, representing a 82.38 per cent increase.
Vietnam is fast emerging as a leading producer of natural rubber. The productivity of rubber in Vietnam at 1707 kg/ hectare is only second to India’s top ranking productivity of 1823 kg per hectare and is much higher than average of 1442 kg per hectare average in Association of Natural Rubber Producing Countries (ANRPC).
“Vietnam has planned a major fillip to its domestic rubber manufacturing and has targeted 1.2 million tonnes of rubber production and increase in domestic consumption from current 15% to 40% . Vietnam has asked for strengthening business ties with Indian rubber industry and help scale up rubber manufacturing in Vietnam”, said Mr Niraj Thakkar, President AIRIA.
Vietnam rubber group has developed many industrial parks and the chairman invited Indian rubber products manufacturers to Vietnam for closer ties in setting up rubber manufacturing units. We are working out the feasibility of a delegation to Vietnam soon,” said Thakkar.
Source: India Times
