As already said, India is world's third largest producer
of rubber in the world. The Indian Rubber Industry is a very important
industry in Indian Economy. This industry has a tremendous chances of
growth, which in turn can lead to a tremendous growth in export
Advantages of Indian Rubber Industry
- An extensive plantation sector.
- Indigenous availability of the basic raw materials, like natural
rubber. Synthetic rubber, reclaim rubber, carbon black, rubber
chemicals, fatty acids, rayon and nylon yarn are easily available to
make various rubber-based products.
- There is a large domestic market.
- There is easy availability of cheap labor.
- On-going economic reforms.
- Improved living standards of the masses.
Sectors covered by Indian Rubber Industry
Exports of Rubber
- Railways and agriculture transport
- Textile engineering industries
- Pharmaceuticals, mines, steel plants etc.
India's exports of rubber products, including tyres exceeded Rs.2000 crores
according to a recent estimate. Products exported are as follows:
- Automotive tyres and tubes
- Rubber and canvas footwear
- Cycle tyres
- Pharmaceutical goods
- Rubber hoses, cots and aprons
- Belts and beltings
India exports to over 85 countries, including:
- Saudi Arabia
There is no doubt that with the saturation reaching in rubber consumption
in various Western countries and the shift in consumption of rubber to the
Asia Pacific region, the focal factor for this decade for development is
India. The rubber industry is expected to grow at over 8% per annum in this
decade. The industry is envisaged to grow at the rate of 8% per annum and
the per capita consumption of rubber at 0.8 kg against 14 kg. There exists a
huge scope for expansion and development and exports in coming years.
Infact, exports of rubber goods was worth Rs. 30 billion in the year 2005.