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Government initiatives aim to bolster rubber cultivation and innovation
BUSINESS ECONOMICS
|June 01 - 30, 2024
Rubber tree plantation has seen significant growth in India, thanks to robust government oversight and favorable weather conditions.
Traditionally, Kerala and the Kanyakumari District of Tamil Nadu have been prime locations for rubber cultivation. However, in response to increasing demand, rubber plantations have expanded to the northeast region of the country. Although rubber cultivation initially began in southern India in the early 1900s, India has now risen to become the world’s thirdlargest producer and fourth-largest consumer of natural rubber, and the fifth-largest consumer of both natural and synthetic rubber combined, according to the Department of Scientific and Industrial Research under the Ministry of Science and Technology.
Industrial Utility
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