STOCK MARKET BSE NSE

Working on rubber policy to benefit entire value chain, says Suresh Prabhu 

The IRM, a biennial event organised by the Rubber Board in partnership with stakeholder associations in rubber and related sectors, is being currently held in Kochi and will conclude on Wednesday.

Published: 31st October 2018 01:28 AM  |   Last Updated: 31st October 2018 09:05 AM   |  A+A-

Sheela Thomas, member secretary, Administrative Reforms Committee, being presented with a memento by D Anandan, chairman, Rubber Board of India, at the India Rubber Meet 2018 in Kochi | Albin Mathew

By Express News Service

KOCHI: The Centre is working aggressively to formulate a rubber policy which would holistically benefit all the stakeholders in the rubber value chain, said Suresh Prabhu, Union Minister of Commerce and Industry on Tuesday. 

“The Centre, along with the Kerala and Tripura governments has formed a task force for the purpose and their report is ready,” Prabhu said in his video message at the inauguration of the 4th India Rubber Meet (IRM). 

“I assure action will be taken on whatever deliberations, discussions and findings are made in IRM 2018, for the benefit of rubber growers and the industry and for accelerating economic growth,” Prabhu said.
The theme of this year’s IRM is ‘Towards a sustainable rubber value chain.’ Member secretary of the state’s Administrative Reforms Commission Sheela Thomas said a multifaceted approach combining institutional, developmental and regulatory measures to research, innovation and upgrading quality; skill generation and improvement; and modern modes of trading, is essential to ensure the sustainability of the rubber value chain.

“The rubber industry value chain in India annually produces items worth nearly `85,000 crore with annual export reaching `19,000 crore. There is a vast potential for the industry to grow in terms of the range of products, value addition, technology upgrade, quality enhancement, export and employment generation. We cannot overlook the vulnerability of the weak and marginal sections of the rubber value chain in restructuring to suit to the new environment,” Sheela said. 

She said the precarious situation of small and marginal rubber growers due to low and volatile rubber prices, low productivity, rising costs and climate change needed special mention. 

“The viability of economic sectors depends on net returns, the maximisation of which needs the adoption of measures to enhance cost and quality competitiveness. This is true of rubber producing and consuming sectors as well,” Sheela said. 

D Anandan, chairman and executive director of Rubber Board, said the prospects of the rubber sector are closely linked to macroeconomic trends, developments in end product sectors, technological change, oil market developments, weather conditions, other speculative factors. 

“The present slump in rubber prices has been prolonged, challenging the sustainability of rubber cultivation in terms of its economic and social impact. Other segments of rubber industry are beset with other forms of challenges arising from global competition, dumping, non-tariff barriers and technological bottlenecks. Deliberations on sustainability are more critical during challenging times than in normal situations,” Anandan said.

The IRM, a biennial event organised by the Rubber Board in partnership with stakeholder associations in rubber and related sectors, is being currently held in Kochi and will conclude on Wednesday.

More from Kochi.

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp