4 auto majors contribute Rs 1,000 cr for 2 lakh hectare rubber plantation in NE: Piyush Goyal_4 auto majors contribute Rs 1,000 cr for 2 lakh hectare rubber plantation in NE: Piyush Goyal

4 auto majors contribute Rs 1,000 cr for 2 lakh hectare rubber plantation in NE: Piyush Goyal

May 31, 2024

Goyal also said that the 97.2 Agartala-Akaura (Bangladesh) cross-border railroad project will help boost exports.

India’s Commerce Minister Piyu Goyal On Thursday, four major tire companies represented by the Automotive Tyre Manufacturers Association pledged to jointly invest 10 years over five years to develop Rs 2 billion acres of rubber plantations in seven northeastern Indian states. hectares of land.

On March 1, Rubber Board signed a Memorandum of Understanding (MOU) with ATMA. The tire companies collectively transferred Rs 120 million to the company. Rubber Board opened an account on May 20 to purchase planting material with the funds provided by the tire companies.

Addressing the ‘Destination Tripura Investment Summit’, Goyal said that the Northeast could become a rubber production hub and urged the state government to take the lead in expanding rubber plantations by utilizing the early harvest season.

Goyal also said that the Agartala-Akaura (Bangladesh) cross-border railroad project will help increase exports.

“With Agartala airport becoming the second busiest airport in the Northeast, Tripura will become a gateway for bamboo flooring production base and has the potential to become a center of bamboo flooring industry in China.

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