Chennai, Feb 19 (UNI) The consumption of synthetic rubber is expected to touch 3,50,000 tonnes by 2010 due to the sustained growth in car tyre production in the country, All India Rubber Industries Association (AIRIA) Vice-President K T Thomas said today.
Talking to newspersons here, he said the synthetic rubber consumption rose by 14 per cent in 2006-2007, in which the share of the tyre makers was 60 per cent.
"In India, the small car sector is expected to give further thrust to auto components and tyre segments. This will result in considerable increase in synthetic rubber consumption," he added.
He said the production of indigenous synthetic rubber was to the tune of 99,513 tonnes during 2006-2007 as per Rubber Board statistics, while import was 1,71,998 tonnes.
"Large scale expansion of the production base of indigenous synthetic rubber is doubtful in near future," he said, adding the country had to depend more and more on imports.
Mr Thomas pointed out that keeping this in view and to encourage the use of synthetic rubber to ease the pressure on natural rubber, the association had urged the Centre to lower the import duty on synthetic rubber to five per cent.
"This will render particularly the automotive tyres and auto components a competitive price and help substantial expansion of automobile manufacturers," he said.
He pointed out that imposition of anti-dumping duties on most of the synthetic rubbers, imported by the industry from the international market leaders, had further handicapped the industry.
UNI SNR SJ 1541