Indian Rubber industry can double its exports by 2025

Tags: National News

According to the All India Rubber Industries Association (AIRIA), the $2 billion non-tire rubber sector is aiming to double its exports by 2025.

• AIRIA organised an event for the exchange of ideas and suggestions for the smooth functioning of the rubber industry in the coming years.

• The objective of the meeting was to highlight the problems and prospects of the rubber industry in India.

• The meeting emphasised that Indian Institute of Foreign Trade (IIFT) and Export Promotion Councils should educate MSMEs on export procedures, documentation requirements and export finer points.

• All India Rubber Industries Association (AIRIA)

• Established - 1945

• Head Office - Mumbai

• Regional offices - New Delhi, Kolkata, Chennai and Mumbai and a Chapter Office at Pune

• It is the largest not-for-profit non-government body serving the rubber industry and trade.

• Its objective is to safeguard and promote the interests of the Indian rubber industry with over 1200 country-wide members.

• It provides a forum for interaction between Indian entrepreneurs within India and the rest of the world.

• Some important facts about rubber

• Natural rubber is a polymer of isoprene.

• Rubber is obtained from the latex of a number of tropical trees of which Hevea brasiliensis is the most important.

• Thailand is the largest Producer of Rubber in the World followed by Indonesia, Malaysia, India, China etc.

• India is the fourth largest producer and consumer of rubber in the world.

• The leading countries importing natural rubber from India are Germany, Brazil, the United States and Italy.

• The first rubber plantation in India was established in 1895 on the hill slopes of Kerala.

• Kerala is the largest producer of natural rubber in India.

• Some other rubber producing states are Tripura, Assam, Andaman and Nicobar, Goa etc.