+
Rubber sector urges higher import duties
ECONOMY & POLICY

Rubber sector urges higher import duties

The All India Rubber Industries Association has reiterated its request for a higher import duty on rubber-finished products in order to advance the interests of local producers and farmers.

Shashi Singh, the President of AIRIA, stated that the decline in natural rubber prices is primarily attributed to oversupply on a global scale. He mentioned that countries like Thailand, Vietnam, Indonesia, Malaysia, and India have substantially augmented rubber cultivation to meet the demands of the automotive industry.

Singh outlined various factors influencing rubber prices, including demand and supply dynamics, export and import patterns, currency fluctuations, the utilization of synthetic rubber, and the exploration of alternative materials. He noted that India presently holds the sixth position globally in natural rubber production, contributing to 5.8 percent of the total output.

Singh attributed the decrease in prices, which has proven advantageous for both the tyre and non-tyre sectors, to sluggish demand from China and the European energy crisis. He highlighted the challenges encountered by rubber cultivators, such as price fluctuations, climatic variations, issues related to trees, and shortages in labour.

Recently, the government took steps to bolster support to rubber plantations by increasing aid by 23 percent, amounting to Rs 7.08 billion, over a span of two years, aiming to stimulate cultivation.

The All India Rubber Industries Association has reiterated its request for a higher import duty on rubber-finished products in order to advance the interests of local producers and farmers. Shashi Singh, the President of AIRIA, stated that the decline in natural rubber prices is primarily attributed to oversupply on a global scale. He mentioned that countries like Thailand, Vietnam, Indonesia, Malaysia, and India have substantially augmented rubber cultivation to meet the demands of the automotive industry. Singh outlined various factors influencing rubber prices, including demand and supply dynamics, export and import patterns, currency fluctuations, the utilization of synthetic rubber, and the exploration of alternative materials. He noted that India presently holds the sixth position globally in natural rubber production, contributing to 5.8 percent of the total output. Singh attributed the decrease in prices, which has proven advantageous for both the tyre and non-tyre sectors, to sluggish demand from China and the European energy crisis. He highlighted the challenges encountered by rubber cultivators, such as price fluctuations, climatic variations, issues related to trees, and shortages in labour. Recently, the government took steps to bolster support to rubber plantations by increasing aid by 23 percent, amounting to Rs 7.08 billion, over a span of two years, aiming to stimulate cultivation.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?