Project Report For Rubber Industry
Project report for Rubber Industry is as follows.
India is the world’s fourth-largest producer and second-largest user of natural rubber. The rubber sector, which includes tyre and non-tyre businesses, had revenue of Rs.63,000 crore in 2011-12, with a CAGR of 10% over the previous three years. The Indian rubber sector has around 5,500 units and is peppered with many small and micro-units.
The Rubber Skill Development Council (RSDC) was established as a targeted national level skill promotion body under the auspices of the National Skill Development Corporation to assure the availability of trained human resources to the rubber sector (NSDC)
As part of India’s increasing position in the global economy, the Indian rubber sector has grown in strength and importance. India is the world’s largest producer and the third-largest user of natural rubber, as well as one of the world’s fastest-expanding economies.
With an annual growth rate of 8-9 per cent, rising foreign currency reserves, rapid development in capital markets, and FDI inflows, India proudly claims the title of the world’s second-fastest-growing major economy.
Market potential & Strategy
Rubber output in India is between 6 and 7 lakh tonnes per year, amounting to Rs. 3000 crores. Ribbed Smoked Sheets (RSS) account for 70% of total rubber output in India and are also imported by India, accounting for 45 per cent of total rubber imports. Presently, the Indian Rubber Industry has a turnover of Rs 12000 crores. The tyre sector consumes the majority of the rubber, accounting for almost 52 per cent of India’s total production. Kerala is the largest rubber user, followed by Punjab and Maharashtra. Despite the fact that India is one of the world’s major producers of rubber, it nevertheless buys rubber from other nations. At the moment, India imports around 50000 tonnes of rubber each year.
The Indian Rubber Industry is around 6000 units in size, with 30 big scale, 300 middle scales, and over 5600 small scale and micro sector units. Such units produce over 35000 rubber goods, employ 400 thousand people, including 22000 technically skilled support staff, and provide Rs. 40 billion to the National Exchequer through taxes, tariffs, and other levies. The Indian Rubber Industry is important to the Indian economy since the rubber plantation industry in India generates about 630 thousand tonnes of natural rubber per year, with a predicted output of more than one million tonnes shortly.
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