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A new insurance scheme for plantations mooted by Govt of India: Additional Secretary
India Rubber Meet 2016 held at Grand Hyatt Goa, March 10-11
Goa, 10 March 2016
“Government of India is in the process of launching an insurance scheme for plantation sector, including rubber which would cover price fluctuations among other perils, with premium shared by Central Government, state governments and beneficiaries,” said Mr Rajani Ranjan Rashmi, Additional Secretary, Ministry of Commerce and Industry, Govt. of India. He was delivering the inaugural address at the India Rubber Meet 2016.
The India Rubber Meet (IRM), the yearly event organized by the Rubber Board in partnership with stakeholder associations in rubber and related sectors, is being currently held at the Grand Hyatt Goa from March 10-11, 2016.
Delivering the inaugural speech he said further, “It is recognised that it is the responsibility of the Government to provide a conducive environment to enable the Indian rubber industry to realize its full potential, achieve global excellence, maximise contribution to the domestic economy and fulfil its obligations to the different sections of society. Such supportive measures may consist of fiscal concessions, developmental assistance and regulatory simplification. Our primary aim is to make things here and sell them everywhere underlying the "Make in India" vision of our Hon'ble Prime Minister. Government of India is keen in the overall development of the rubber industry value chain starting from rubber growers to consumers of end products.”
Dr. A Jayathilak, Chairman, Rubber Board and Chairman of the Organising Committee welcoming the delegates of the IRM 2016 said, “The impact of low prices will be more severely felt in natural rubber production sector, dominated by small and marginal growers. The low prices will have a critical bearing on planting and replanting decisions and future availability of NR. Providing safety nets for small-holders to protect them against price and other risks, beneath the prevailing socio-economic and political environment, is a critical task which has to be deliberated seriously.”
The Meet is a major initiative of the Indian rubber industry to organise a regular forum for interaction, networking and exchange of information. The theme of IRM 2016 is `Rubber Scenario: What lies ahead,’ reflecting the present rubber sector situation, overshadowed by uncertainties emanating from macro-economic and other sector-specific developments. Over two days, trends, challenges and prospects of the rubber sector will be discussed by world renowned experts and industry leaders. Participants will get an opportunity to interact with world known practitioners in various fields related to the rubber industry for formulating appropriate strategies. There will be invited talks by internationally renowned speakers on topics such as global and Indian economic outlook, world energy outlook, state of Indian non-tyre manufacturing industry, world natural rubber production scenario, world synthetic rubber production scenario and state of Indian tyre-manufacturing industry. Mr. Vinod Simon (Chairman, Rubber Skill Development Council), Vice - Chairman, Organising Committee, IRM 2016 proposed a vote of thanks at the inaugural function.
Speakers of the first day (10th March, Thursday) included Mr. Dharmakirti Joshi (Chief Economist, CRISIL, Mumbai), Mr. Vinod Simon (Chairman, Rubber Skill Development Council) and Ms Sheela Thomas IAS (Secretary General ANRPC, Malaysia).
The India Rubber Meet (IRM) is a unique platform, which provides an opportunity to bring together producers, consumers and traders of the rubber sector for an exchange of information and networking.
IRM is the sole rubber event in India organized through the joint participation of all segments of rubber sector: Namely, The Rubber Board (Ministry of Commerce & Industry, Govt. of India), Automotive Tyre Manufacturers' Association (ATMA), Indian Block Rubber Processors’ Association (IBRPA), All India Rubber Industries Association (AIRIA), Association of Latex Producers of India (ALPI), Automotive Component Manufacturers Association of India (ACMA), CAPEXIL, GRP Ltd., Harrisons Malayalam Ltd., Indian Cycle and Rikshaw Tyre Manufacturers Association (ICRTMA), Indian/International Rubber Journal, Indian Rubber Dealers Federation (IRDF), Indian Rubber Growers Association (IRGA), Indian Rubber Institute (IRI), Indian Rubber Manufacturers Research Association (IRMRA), Indian Synthetic Rubber Private Limited, Kerala State Co-operative Rubber Marketing Federation (Rubber Mark), Latex Rubber Thread Manufacturers’ Association(LRTMA), National Federation of Rubber Producers Societies (NFRPS), Reliance Industries Ltd., Rubber Asia, Rubber Skill Development Council (RSDC), The Cochin Rubber Merchants Association (CRMA) and United Planters Association of Southern India (UPASI) are the organisers of the event.
Attached please find Welcome Speech by Dr A Jayathilak IAS, Chairman Rubber Board & Inaugural Address by Mr Rajani Ranjan Rashmi, Additional Secretary, Ministry of Commerce & Industry, Government of India
For more details, log on to www.indiarubbermeet.in
(Publicity Committee – India Rubber Meet 2016)