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Rubber Sector in India is facing various challenges related with its export and production. There is a need to develop rubber policy which can boost shipment and productivity along with keeping in mind the interest of farmers.
Challenges: Major issues related to the sector include minimum support price for natural rubber, restriction on import, minimum import price, categorisation of natural rubber as an agricultural product, import of cup lumps, safeguard duty and increase in budget allocation to Rubber Board. Import of natural rubber is allowed only through sea ports of Chennai and Jawaharlal Nehru Port at Nhava Sheva, Mumbai. There are around 13.2 lakh rubber small holdings in the country, out of which around 9 lakh are in Kerala. Consumption of natural rubber has increased from 9.95 lakh tonne in 2015-16 to 10.45 lakh tonne in 2016-17 mainly due to rise in demand from auto tyre sector. Rubber production in 2016-17 was 6.91 lakh tonne as against consumption of 10.45 lakh tonne in tyre and non-tyre sectors.
Reforms in India and impact: Trade reforms of 1991-92 has led to market integration which is characterised by a surge in imports of rubber and rubber products are played out in the domestic market than in the export markets. It is the unorganised smallholder rubber and non-tyre segments that have borne the brunt of of the market integration process. The volatility of natural rubber prices and the fluctuations in farm income have hit the conventional farm management practices including replanting. The crisis-ridden non-tyre segment has been hit by the volatile raw material prices and growth in imports. Export intensity of India’s rubber sector had been negligible. The estimated export intensity was only 22.5 per cent even during 2014-15.
Way Forward: India cannot afford the luxury of witnessing a gradual disintegration of its rubber sector built over the past seven decades for the sake of free trade. A comprehensive policy is not only inevitable to recognize the strategic importance of sustaining a self-reliant rubber sector but also to identify the inherent strengths and accumulated weaknesses of the embedded structure to capture synergies in the era of market integration.
By: Vishal ProfileResourcesReport error
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