Sunday, August 12, 2012

Win-win situation for both the countries


Indian rubber industry has been invited to invest in Indonesia to increase bilateral trade. In a meeting with All India Rubber Industries Association (AIRIA), Dickey Fabrian, Counsel General of the Republic of Indonesia in India, invited the Indian rubber industry to start their rubber manufacturing units in Indonesia, as the country had abundant natural rubber, low cost labour, power and friendly government policies.

A high level Indonesian delegation was likely to participate in India Rubber Expo 2013 to be held in Mumbai in January to further strengthen the ties between rubber goods manufacturers of both the countries. It will be a win-win situation for both the countries. India had gained enormous expertise in production of rubber components and other rubber products. On the other hand, Indonesia had a vibrant natural rubber sector and would wish to develop manufacturing of rubber products, said Niraj Thakkar, sr. vice president of AIRIA.

Indonesia has also invited investment in rubber plantation through lease of land.

Read lot more in Rubber4U – 15th August 2012 issue

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