India’s Natural Rubber Production to Rise: All India Rubber Industry Association

The rubber manufacturing sector has undergone remarkable transformations over the years, reflecting adaptability. The All India Rubber Industry Association is optimistic about a 5% boost in the production of natural rubber in India for the fiscal year 2023-24.

Ramesh Kejriwal, president of the association, anticipates an increase from the previous year’s 8 lakh metric tonnes to around 8.4 lakh metric tonnes. This growth is largely attributed to favorable weather conditions, particularly excessive rainfall, which has proven beneficial for rubber cultivation across the country. Additionally, the expanding automobile industry, which extensively utilizes rubber in various components like belts and tires, has significantly contributed to the surge in demand for natural rubber.

Kejriwal emphasizes that despite the higher domestic prices, imports continue from countries such as Thailand, Malaysia, Sri Lanka, and Vietnam due to comparatively lower prices in the international market. This is largely attributed to subdued demand in major consumer markets like China and the EU.

Stay tuned to learn more about the factors influencing India’s rubber industry growth and import trends. to changing times and a relentless pursuit of excellence.