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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