Market and product
India may invest in Rubber industry in Indonesia
KOCHI (Commodity Online):Indian rubber industry may set up manufacturing units in Indonesia and Sri Lanka to earn higher profit amid of higher import duty, inadequate supply of natural rubber, increasing labour costs and others in India.
Both Indonesia and Sri Lanka have friendly investment policies comparing to other south east Asian states. Besides cheap labour cost and greater availability of natural rubber can easily attract the growing economies like India.
This idea originated during the recent visit of Dickey Fabrian, consul general of Indonesia.
The consul expressed his interest to improve bi lateral relations between two countries. Earlier Indonesian policies didn't support foreign investment in their land.
Niraj Thakkar, senior vice president of All India Rubber Industries Association has said the idea is win-win opportunity for both countries.The proposed policy measures can even help tyre industries of India say experts.
