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Your email address will not be published.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

Steps to facilitate the reduction of Steel imports

Government has taken following steps to facilitate the reduction of Steel imports,:- (i)         Steel Import ...

Banking facilities in rural areas

To ensure availability of banking outlet (Bank branch/Business Correspondent (BC), within 5 kilometers of all ...

Production of Sail

Steel Authority of India Limited (SAIL) had undertaken Modernization and Expansion of its five Integrated ...

Capping of Rs 2 Crore for MEIS will not affect 98% of the exporters: Shri Goyal

Union Minister of Commerce and Industry Shri Piyush Goyal today met the Office-bearers of various ...

First ever Virtual Buyer Seller Meet for loose diamonds commences

Shri Suresh Kumar, Joint Secretary, Ministry of Commerce & Industry, Government of India inaugurated first ...

In the auto sector, we should move towards global dominance: Shri Piyush Goyal

Union Minister of Commerce & Industry and Railways Shri Piyush Goyal  has said that in the ...

Shri Piyush Goyal says that New-age entrepreneurs are going to change the fortune of India

Union Minister of Commerce and Industry & Railways Shri Piyush Goyal has said that New ...

Index of Eight Core Industries (BASE: 2011-12=100) for JULY, 2020

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing ...

17TH ASEAN-India Economic Ministers’ Consultations held

Shri Piyush Goyal, Minister of Commerce and Industry & Railways and H.E. Tran Tuan Anh, ...

India’s Foreign Trade: July2020

India’s overall exports (Merchandise and Services combined) in April-July2020-21* are estimated to be USD 141.82 ...

WP2Social Auto Publish Powered By : XYZScripts.com