Home » Commerce and Industry » Industrial Park for Rubber Units 

Industrial Park for Rubber Units 

Developmental and research activities for supporting natural rubber sector for the welfare of growers are carried out by Rubber Board through the scheme “Sustainable and Inclusive Development of Natural Rubber Sector” in the Medium Term Framework (MTF) (2017-18 to 2019-20).  The development activities include financial and technical assistance for planting, supply of quality planting materials, support for grower forums and training and skill development programme.

Natural Rubber (NR) prices have been at relatively low levels during the recent years in domestic and international markets.  The domestic NR prices are highly sensitive to import of NR.  Hence, to regulate the import of NR, the Government has increased the duty on import of dry rubber from “20% or Rs. 30 per kg whichever is lower” to “25% or Rs. 30 per kg whichever is lower” with effect from 30.4.2015 in order to create demand for locally produced rubber. The Government has also reduced the period of utilization of imported dry rubber under advance licensing scheme from 18 months to 6 months.

This information was given by the Minister of Commerce and Industry, PiyushGoyal, in a written reply in the Lok Sabha

About ppb

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Index Numbers of Wholesale Price in India (Base: 2011-12=100) Review for the month of June,2019 

The official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for the month of June,2019 ...

E-CIGARETTES 

As per a report of WHO, Electronic Nicotine Delivery Systems [ENDS] [also known as e-cigarettes] ...

Misuse of Export Promotion Schemes 

Foreign Trade Policy of the Government contains certain export promotion schemes which are primarily aimed ...

Pharmaceutical and Export Promotion Council 

Pharmaceutical Export Promotion Council of India (Pharmexcil) was set up by the Ministry of Commerce ...

Tea Gardens 

At present, there are 1585 number of established tea gardens in the country.  The names ...

Export of Grapes and its Products 

The details of the quantum and value of grapes and its products exported from the ...

Implementation of National Electric Mobility Mission Plan 

The National Electric Mobility Mission Plan (NEMMP) 2020 is a National Mission document providing the ...

Commerce & Industry Minister Addresses International Conference on Quality Infrastructure

Union Minister of Commerce & Industry and Railways, Piyush Goyal, has called for giving thrust ...

Several tax proposals aim to promote investments in start-ups and sunrise industries in the country 

PROMOTING INVESTMENTS Several of the tax proposals announced by the Union Minister of Finance and ...

FDI inflows into India remained robust in 2018-19 

The Union Minster of Finance and Corporate Affairs, Nirmala Sitharaman said that FDI inflows into ...