SRI LANKA: Sri Lanka to increase rubber market share

Sri Lankan rubber industry comprises three independent major sectors namely, rubber products manufacture, latex rubber manufacture and the rubber wood based industry. Each year, the Rubber Development Department (RDD) provides subsidies for growers to continue rubber replanting and new planting activities.

In addition, RDD encourages all the rubber growers of the country to grow inter-crops such as banana, passion fruit, plantains and other fruit with rubber plants. In addition, RDD has introduced a rain guard subsidy scheme for rubber cultivating lands in wet areas. Sri Lanka manufactures different type of tyres especially pneumatic and radial tyres for passenger vehicles, solid tyres, tyres for bicycles, motor cycles and three wheelers.

Source: "Daily News", Colombo; 17 Oct 2013
(Syed Rashid Ali, Karachi, Pakistan)