Strengthening Foothold of Indian Rubber Industry across Overseas

Indian rubber industry is one of the fastest growing industries that have a million of opportunities to explore. Nearly 6000 rubber manufacturing units are set up across various states of the nation. These units together produce more than 35000 types of rubber items. Indian rubber manufacturers have transformed India into a leading exporter and supplier of rubber products all across the world. The gamut of products manufacturing by Indian manufacturers include natural rubber, reclaim rubber, carbon black, synthetic rubber, fatty acids, rubber chemicals, rayon, etc. Latex products, auto tyres, tubes, belting, hoses, automobile parts, cable and wires, etc. are the products created widely by rubber products distributors. Indian rubber industry is broadly divided into two categories, tyre and non-tyre.

India is the third largest rubber producer of the world. Rubber products manufactured by Indian manufacturers do not only cater to the domestic needs but its bulk proportion is supplied and exported to foreign countries by the Indian exporters. Mainly, the products are exported to the wide markets of countries like France, UAE, Italy, Germany, USA and UK.  Saudi Arabia, Africa, Bangladesh and Afghanistan are some of the leading importers of rubber who buy products from India. It is an atypical thing but rubber products’ consumption in western countries has reached to a saturation point. Therefore, the prospective market for India’s export is gradually shifting from western countries to Asian countries. This is again providing a huge scope to the Indian rubber products manufacturers.

As it is a booming industry, its demand can never face decadence because it caters to a broad sector, almost every sector, including engineering, aviation, aeronautics, pharmaceuticals, steel plants, railways and agricultural transport, mines, textiles, etc. the Indian rubber industry is a core sector that plays crucial role in Indian economy with a turnover of USD 8 billions. The industry contributes USD 1.6 billions to the National Exchequer through taxes, duties and other similar levies. The industry bears some advantages that greatly contribute to its intensification, these are;

• Extensive plantation sector
• Basic raw material available in abundance
• Ever increasing domestic market
• Being a huge automobile hub, India generates a substantial demand for rubber items including tyres
• Availability of cheap labour
• Training provided by technical institutes
• On-going economic reforms
• Improving lifestyles of the masses

In recent years, Indian rubber industry has experienced a growth of 8%, thereby giving more opportunities to novice to earn their livelihood through the industry and strengthening opportunities for those who already exist in it. India’s strong technically trained manpower has led India to become a praiseworthy leading player in the world. Also, many institutions for education, training and testing are, in other way, helping the industry to flourish further. While India is the fourth largest consumer of rubber, the country is also a preferred destination for some of the biggest rubber companies as a consequence of direct investments or technical tie-ups.