ATMA to invest Rs 1,100 crore to encourage rubber plantation in northeast India

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Industry body Automotive Tyre Manufactures Association (ATMA) will invest Rs 1,100 crore to undertake rubber plantation in additional 2,00,000 hectares of land in northeast India in the next five years. Union Commerce and Industry Minister Piyush Goyal, while participating in a virtual seminar, thanked ATMA for agreeing to invest Rs 1,100 crore for developing a plantation in […]

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India’s tyre industry demands import duty waiver for natural rubber as domestic output falls

The Indian tyre industry has raised its pitch for duty waiver on natural rubber imports as domestic supply has fallen extremely short of demand during the current season. The production-consumption gap of natural rubber has widened to 58 per cent of consumption in the first quarter (Q1) of the current financial year, against 46 per […]

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