The 24th Rubber Conference organised by Indian Rubber Manufacturers Research Association (IRMRA) was inaugurated by Sanjiv Joint Secretary, DPIIT at Chennai Trade Centre.Sheela Thomas, AnshumanSinghania, MD, JK Tyre Industries, Dr. K. Rajkumar, Chairman, IRMRA, Dr.R.Mukhopadhyay, President, IRMRA were also present at the inauguration.
Dr. K. Rajkumar, Chairman, IRMRA, Dr.R.Mukhopadhyay, President, IRMRA said, “The event provides a unique platform to cover the complete spectrum of the industries involved at every stage of product lifecycle”.
Indian Rubber Economy is 2nd Largest in Total Rubber Consumption and 5th Largest in overall Total Rubber Production. India exported 3700 MT of Natural Rubber in FY 2022-23 as compared to 3560 MT in FY 2021-22. The increase in export of NR by India in FY 22-23 w.r.to FY 21-22 is almost 4%. Export of Rubber & Articles thereof in FY 22-23 is Rs. 37597 Cr as compared to 34559 Cr in FY 21-22.The global market for rubber products which is estimated at around USD 212 billion today is also expected to grow by 2025 by double margin.Indian footwear industries are expected to grow at a CAGR of 10-11% in next five years.
India proudly claims the title of the world’s second-fastest-growing major economy. It has a high concentration of vehicle manufacturing and the existence of large and medium companies in South India.