|
The synthetic
rubber industry in India has come of age. Today, every
perceivable product in the world market has a customer waiting
in India. The Indian market has spurred on an ever-increasing
growth in the demand for raw materials across all industries.
India is the
largest consumer of rubber in the world. Yet, with a per
capita consumption of 0.8 kgs as against 12 to 14 kgs. in
Japan and US respectively, the Indian market has considerable
potential to grow. A billion strong population ensures a huge
demand for consumer rubber products. This envisages tremendous
growth prospects of the industry in the years to come as India
is far from attaining any saturation level, so far as
consumption of rubber products is concerned.
The
advent of auto majors such as BMW, Daewoo, Fiat, Ford, General
Motors, Honda, Hyundai, Kawasaki, Suzuki, Toyota, Volvo,
Yamaha etc., and Indian manufacturers such as Ashok Leyland,
Bajaj Tempo, Eicher, Hero Group, Hindustan Motors, Mahindra &
Mahindra, Premier, TELCO, TVS, etc., in the last decade have
set a scorching pace of growth for the rubber industry in
India.
Sectors like Railways, Defense, Space Research, Mining and
Ports have been showing progressive development in India and
generate a huge demand for rubber products.
The wide range of rubber products manufactured by the Indian
rubber industry comprises all types of
heavy-duty earth moving tyres. Auto tyres, tubes, automobile
parts, footwear, belting, hoses, cycle tyres and tubes, cables
and wires, camelback, battery boxes, latex products,
pharmaceutical goods, besides moulded and extruded goods for
mass consumption.
The products manufactured also cover hi-tech industrial items.
The important areas which the industry caters to include all
the three wings of defense, civil, aviation, aeronautics,
railways, agriculture, transport as also textile engineering
industries, pharmaceuticals, mines, steel plants, ports,
family planning programmes, hospitals, sports and practically
to every conceivable field. | 
