Rs 1,100 cr grows for rubber plantation in northeast India, Auto News, ET Auto
Union Minister of Trade and Industry Piyush Goyal, during participation in a virtual seminar, thanked ATMA for agreeing to invest 1,100 crore rupees to develop one plantation out of 2,000,000 hectares of land in the space of five years in the northeastern states.
Recognizing the good quality of natural rubber produced in the northeastern mountainous region, Goyal said the region is an ideal area for natural rubber production.
“Natural rubber sells for better prices in the market,” Goyal said and urged the eight northeastern states to develop programs and coordinate with the National Bank for Agriculture and Rural Development (NABARD ) for assistance with loans to farmers.
Tripura is the second largest natural rubber producing state in the country after Kerala with more than 85,038 hectares of plantation land, producing 74,139 tonnes of rubber per year. More than 1.50 lakh of families are directly and indirectly associated with the cultivation of natural rubber in Tripura.
According to officials from the Department of Industries and Commerce in Tripura, 90% of the total rubber produced is sent out of the state, earning around Rs 600 crore per year, as the state has no ‘rubber-based industries.
Natural rubber is cultivated in 16 states in India. With more than 600,000 hectares, Kerala dominates rubber cultivation, followed by Tripura with more than 85,038 hectares planted. The other major producers of natural rubber are Karnataka, Tamil Nadu, Assam and other northeastern states.
Participating in the discussion, Assam Industry and Trade Minister Chandra Mohan Patowary said that currently 60,000 hectares of land in the state is cultivated with natural rubber with 26,658.58 hectares in operation, producing 31,590 metric tons of rubber per year and generating income of Rs 427 crore.
“The rubber sector in Assam provides jobs for two lakhs. The government of Assam plans to increase rubber cultivation from a potential 1.3 lakh hectares to 5 lakh hectares,” Patowary said.
The minister said that “Advantage Assam” had generated investments worth 65,000 crore rupees in recent years and that with the simplified MSME law of 2020 and the establishment of a land bank and from an industrial corridor, Assam will be the next destination for the rubber industries.
Asking JK Tire, Apollo Tire, CEAT and MRF to come and invest in Assam, he said the state enjoys the geographic advantage of accessibility to ASEAN and South Asian countries. East.
“The ongoing multimodal logistics park project in Jogighopa (on the north bank of the Brahmaputra River in Bongaigaon district) would boost trade and commerce. It will only take three hours to reach Assam from Bangladesh and other neighboring countries. “Patowary added. .