Guwahati: The Central government has planned rubber plantations on a total of 2 lakh hectares in the northeastern states over 5 years.
Four major tyre companies represented by Automotive Tyre Manufacturers Association (ATMA) have together undertaken to contribute Rs.1,000 crores for rubber plantation development in 200,000 hectare land in the seven states of northeast India, over a period of five years.
A memorandum of understanding (MoU) was signed between Rubber Board and ATMA on March 1 this year. Funds provided by the tyre companies are being used for procuring planting materials for commencing planting in 2021.
On Thursday, addressing the ‘Destination Tripura – Investment Summit’ through video conferencing, Minister for Commerce & Industry, Textiles, Consumer Affairs and Food & Public Distribution, Piyush Goyal has said the northeast can emerge as a hub for rubber production.
Goyal said Tripura is the second largest producer of rubber in the country with 30,000 ha cultivation. The Minister called upon the Tripura government to be the first off the block and take advantage as the early harvester to expand rubber plantations in the state.
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