SRI LANKA: USD 3 billion rubber industry envisioned next decade

To arrive at this USD 3 billion in a viable manner, it is essential for us to support our rubber farmers," Minister of Industry and Commerce of Sri Lanka Rishad Bathiyutheen said 29 August 2014 in Colombo.Bathiyutheen said he believes it is time for a long term development plan for this sector as the 2013 rubber exports of USD 960 million is a 100 % increase compared to rubber exports five years ago.

Minister Bathiyutheen was addressing the launch event of Global Rubber Conference 2014 to be held in October in Colombo.

The first Global Rubber Conference (GRC) ever to be held in Sri Lanka is co-organized by the Export Development Board under Minister Bathiyutheen as well as Confexhub, Malaysia.

The three-day international event will be held from 27 to 30 October 2014 at the Cinnamon Grand in Colombo.

Global Rubber Conference 2014 themed "Sowing the Seeds for Sustainable Future" is a leading global conference on the rubber sector.

It is held in collaboration with Sri Lanka's Ministry of Industry and Commerce and Ministry of Plantation Industries, to provide rubber and rubber products experts and policy makers, captains of industry and serious investors a platform to converge and meet face to face to discuss a wide spectrum of commercial, R&D developments and 2014-'15 price outlook.

The Conference is Co-organized by the Sri Lanka Export Development Board (SLEBD) and supported by the International Rubber Research Development Board (IRRDB) and over 20 global government agencies and associations.

Source: "Colombo Page" (Online Newspaper), Colombo; 30 Aug 2014
(Syed Rashid Ali, Karachi, Pakistan)