MUMBAI (April 2, 2014) — The government of India has agreed to help implement an ambitious National Policy on Rubber (NPoR) developed by the All India Rubber Industries Association (AIRIA).
Announced April 1, the policy designates the Indian rubber industry as a “Sunrise Sector” bringing major improvements to India's economy, the AIRIA said.
Although India slipped to fifth place in 2013 among the world's natural rubber producers, it ranks second among world consumers of both natural and synthetic rubber, according to the association. Rubber product exports from India—60 percent of them designated for the automotive industry—have averaged more than 20 percent growth annually over the last decade, and the rubber sector enjoys one of the highest employment growth rates in India, according to the AIRIA.