Rubber Production

Tyre maker Bridgestone India on Monday said it will invest over Rs 600 crore over the next three years to expand production capacity and upgrade technology at its Pune-based plant. Initial investment for capacity and technology upgradation will be 70 million euros (over Rs 600 crore), the company said in a statement. It will improve the plant capability in terms of technologies and capacities for the manufacture of tyres for the passenger car segment, it added. "Bridgestone India is bringing in its global technologies and manufacturing for the Indian market so as to suit the needs of aspiring Indian consumers that want more fuel-efficient tyres, and better products to suit the improved quality of Indian roads," Bridgestone India Managing Director Stefano Sanchini stated. As a global leader in tyre technology, the company is committed towards providing sustainable mobility solutions and the current investment of 70 million euros is in this direction, he added. The company, however,

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chronic shortage of rubber could impact the manufature of medical gloves, catheters and masks that are crucial in the battle against Covid-19

The tyre manufacturers have asked the government to reduce the import duty for natural rubber to less than 10 per cent.

It may be noted, in the last five years, the gap has increased from 60,000 tonnes

Projected to grow 16 per cent YoY to 800,000 tonnes in full 2017-18

Rubber Board aims to meet current demand of 10 lakh tonnes through domestic production