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Govt. to announce a national rubber policy soon.

Tapping latex from a rubber tree
Posted: September 6, 2016 at 9:30 am   /   by   /   comments (0)

The Centre will shortly be announcing a national rubber policy, on the lines of those announced earlier for the petroleum, textile, information technology and other sectors, Commerce and Industry Minister Nirmala Sitharaman told journalists here.

A panel of experts had been constituted in this regard in June 2014. The report had been given but an announcement on what the government had decided, though nearly ready, kept getting postponed, she indicated.

The ministry is trying to address price fluctuations faced by farmers, she added. She hoped the new policy would help address the issue. Also that of supply-demand mismatch, said an official who was part of the committee.

One aim, he added, was to raise production of rubber and the committee had looked at various issues in this regard, including consumption, manufacture and import.

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