FratFiles

• Save Paper

The achievements of the Indian tyre and rubber industry have been an unheralded success story. It is perhaps the only industry in India to have achieved an average annual 6.5 percent growth rate for almost 44 years, since 1960.

The country's rubber industry got off to a very modest start in Calcutta in 1936 but India is today the world's 4th largest rubber consuming country, with rubber consumption of over 1 million tones (1,065,020 tonnes) including 50 percent of reclaim rubber as pure polymer. China is currently the world's largest consumer followed by the US and Japan. Despite the high volume of consumption, India's per capita rubber consumption is still under 1kg, compared to an average of 12 kilos in Europe and the US and nearly 3kg in China. This underscores the tremendous potential of the rubber industry with the country's increasing prosperity and industrialization.

Another unique factor of the Indian rubber industry is that for the past few years it has been the......

View the rest of this paper...

Approximate Word Count: 568
Approximate Pages: 3 (250 words per double-spaced page)

Similar Essays

1. Tyre Industry
   

   Tyre Industry The achievements of the Indian tyre and rubber industry have been an unheralded success story. It is perhaps the only industry in India to have achieved an average

2. Indian Tyre Industry
   

   Indian Tyre Industry 1) Bargaining power of supplier Bargaining power of suppliers can be segregated in two parts according to the demand of industry. Rubber There are two reasons

3. Indian Tyre Industry
   

   Indian Tyre Industry Indian Tyre Industry to grow at 9-10% in next 5 yrs The Indian Tyre Industry produced 73.6 million units of tyres (1.1 million tons) garnering Rs 190 billion

4. Pulkit
   

   of a tyre is important because of factors like mileage, maintenance and toughness. Indian tyre industry is worth around Rs 10,000 crores and is dominated by players like MRF,JK,

5. Firestone East Africa
   

   to import cheap tyres which affected Firestone's sales volume. Full liberalization of the tyre industry was announced in mid June 1994. This saw Firestone's profit for the year go