Govt. of India To Launch Insurance Scheme For Plantation Sector
11 March, Panaji
Rajani Ranjan Rashmi, Additional Secretary, Union Ministry of Commerce and Industry, Thursday said the Centre is in the process of launching an insurance scheme for plantation sector, including rubber, which will cover price fluctuations among other perils, with premium shared by Central Government, state governments and beneficiaries.
Delivering the inaugural address at the India Rubber Meet 2016 here, Rashmi said 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 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 two day India Rubber Meet (IRM), the yearly event organized by the Rubber Board in partnership with stakeholder associations in rubber and related sectors, has been organized in Goa this year. 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.
Dharmakirti Joshi, Chief Economist, CRISIL, Mumbai, Vinod Simon, Chairman, Rubber Skill Development Council and Ms Sheela Thomas, IAS, Secretary General ANRPC, Malaysia, presented their views today.Vinod Simon, Rubber Skill Development Council Chairman, and Vice Chairman of Organising Committee, IRM 2016, proposed a vote of thanks at the inaugural function.