Even though peak rubber production season
falling between October and February and favourable weather conditions, the
domestic availability of rubber is a key concern for the tyre industry. All major
tyre companies have made substantial investments for new projects and
expansions primarily in radial truck and passenger car tyres and limited growth
in rubber area under cultivation; availability situation is feared to worsen in
the foreseeable future.
In a pre-budget presentation made to the
Ministry of Finance, Autmotive Tyre Manufacturers Association (ATMA), tyre
industry has asked for duty free import of one lakh tonnes of natural rubber to
bridge the gap between domestic production and consumption and also asked for
waiver of customs duty on raw materials like butyle rubber, SBR (tyre grade),
EPDM and polyester tyre cord, which have no domestic production.
Read
lot more in the latest issue of Rubber4U
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