Indian rubber industry should invest in Indonesia

NEW DELHI: Indonesia, which is considered as world's second largest rubber producer, seeks investment from Indian rubber industry and also wants it to draw benefit from the natural rubber resources.

Dickey Fabrian, Consul-General of the Republic of Indonesia in India, said that his nation is eager to raise its bilateral trade in rubber goods. This statement came in a meeting with All India Rubber Industries Association (AIRIA) recently.

Fabrian wants the India to initiate their rubber production facilities in Indonesia due to the availability of natural rubber, cheap labour and industry-friendly government policies. Indonesia invited investment in rubber plantation via land lease.

Niraj Thakkar, Senior Vice-President of AIIRA and Convener of upcoming India Rubber Expo, stated that a high-level Indonesian delegation may take part in the India Rubber Expo slated to be held in Mumbai in January 2013 to boost relations between rubber goods producers of both India and Indonesia.