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Time of India
3 days ago
- Business
- Time of India
Northeast tightens its hold on rubber as tyre majors scout beyond Kerala
Government initiatives and industry support to expand natural rubber plantations in India's northeastern states have started showing results, with the region's share in total rubber production more than doubling over the last decade. Data from the All India Rubber Industries Association (AIRIA) show that Tripura , Assam and Meghalaya together accounted for 17.5% of total natural rubber output in 2023–24, up from just 7.8% in 2013–14. Tripura's production has more than doubled to 91,500 tonnes from 39,000 tonnes in ten years. Assam's output has jumped to 46,500 tonnes from 13,600 tonnes, while Meghalaya has reached 11,775 tonnes, up from 7,570 tonnes during the same period. Over this decade, the country's largest producer, Kerala, saw production fall from 6.5 lakh tonnes to 6.1 lakh tonnes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Knee Pain After 50? Try This Before Reaching for Pills Read More Undo India's total domestic production of natural rubber stands at about 8.5 lakh tonnes. The Northeast now contributes approximately 1.5 lakh tonnes. 'Given that India's total rubber requirement is 14.5 lakh tonnes, tyre companies are looking at Northeast for additional sourcing. Production in Kerala has reached its peak, so Northeast has potential for expansion,' said Shashi Singh, president of the All India Rubber Industries Association. 'Natural rubber production in Tripura and Assam has risen in the last couple of years, and the quality has also seen some improvement, leading to higher offtake by the tyre industry and Apollo Tyres ,' said Sunam Sarkar, president and chief business officer of Apollo Tyres. Live Events Although the region has not yet reached the peak plantation area planned by the government, sourcing from the Northeast is rising. 'This is our fifth year in reckoning and out of 2 lakh hectares, which was the layout of the plan, we are at 70,000–75,000 hectares. We are increasing our buying from Northeast apart from buying from the traditional (plantations) down south,' said Anshuman Singhania, managing director of JK Tyre . According to the Automotive Tyre Manufacturers Association (ATMA), under the Indian Natural Rubber Operations for Assisted Development (INROAD) project, 1.25 lakh hectares have been brought under new rubber plantations during the first four years (FY22–25). The plantations span 94 districts across the Northeast and parts of West Bengal.
Time of India
4 days ago
- Business
- Time of India
Northeast gets grip on rubber for tyres
CHENNAI: Govt and industry's efforts to extend natural rubber plantation to the northeastern states has started to bear fruit with the region's (Tripura, Assam & Meghalaya) share in total production more than doubling to 17.5% in 2023-24 from 7.8% in 2013-14. Tripura's rubber production has jumped to 91,500 tonne from 39,000 tonne in 10 years, data from All India Rubber Industries Association showed. During this period, top source Kerala's production fell to 6.1 lakh tonne from 6.5 lakh tonne. Similarly, Assam's production has grown to 46,500 tonne from 13,600 tonne, while Meghalaya is at 11,775 tonne, up from 7,570 tonne a decade ago. Domestic natural rubber production is around 8.5 lakh tonne with Northeast contributing about 1.5 lakh tonne. "Given that India's total rubber requirement is 14.5 lakh tonne, tyre companies are looking at Northeast for additional sourcing. Production in Kerala has reached its peak, so Northeast has potential for expansion," All India Rubber Industries Association president Shashi Singh said. "Natural rubber production in Tripura and Assam has risen in the last couple of years, and the quality has also seen some improvement, leading to higher offtake by the tyre industry and Apollo Tyres," said Apollo Tyre president & chief business officer Sunam Sarkar. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Northeast sourcing is seeing an uptick even though the region has not yet hit its peak planned coverage of 200,000 hectares. "This is our fifth year in reckoning and out of 2 lakh hectares, which was the layout of the plan, we are at 70,000-75,000 hectare. We are increasing our buying from Northeast apart from buying from the traditional (plantations) down south," added JK Tyre MD Anshuman Singhania. According to Automotive Tyre Manufacturers Association (ATMA) in the first four years of the Indian Natural Rubber Operations for Assisted Development (INROAD) project (FY22-25), an area of 1.25 lakh hectares has been covered under new rubber plantations across 94 districts in Northeast and parts of West Bengal. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
