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.
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