Natural Rubber occupies an important position amongst the critical raw materials required for the growth of the manufacturing industry in India. The total turnover of rubber-based industries in India is estimated at Rs 110,000 crores in 2021-22, with the export realisation estimated at Rs 30,000 crores.
India is one of the few countries which has a complete NR value chain – i.e. it produces NR as well as its value-added products. The Tyre industry is the major consumer of NR in India as it utilizes over 70% of the total NR produced in the country. It is estimated that by 2030, the country will require about 20 Lakh tonnes of NR per year.