It was way back in 2003, India’s first Rubber Park, located ideally in the country’s Rubber State of Kerala, started production. Today, the Park, fully occupied by 35 units, is functioning quite well under the patronage and support of Rubber Board, India, and the Kerala Industrial Infrastructure Development Corporation (KINFRA), the JV partners. The success of this pioneering venture was the motivating force behind the setting up of the country’s second Rubber Park in the Northeastern State of Tripura. A few more Rubber Parks are also in the pipeline.
Kerala’s topography and climate are best-suited for rubber cultivation, a fact that helped the State to emerge as the home of Indian natural rubber. However, the limited and ecologically sensitive expanse of the State does not allow the coming up of major rubber industry units despite the abundant availability of quality latex at home. It was at this juncture the Rubber Board and the Kerala Industrial Infrastructure Development Corporation (KINFRA) joined hands and took the bold in initiative of setting up a Rubber Industrial Park at Irapuram in Ernakulam District. The prime motive of the Joint Venture Company was to promote rubber and rubber wood-based industry units.
Accomplishing its basic motive, Rubber Park India (P) Ltd, incorporated in 1997, has now emerged as an industrial estate of international standards exclusively for Rubber and Rubber Wood-based industries. The shareholding pattern is Rs 200 million, Rs 100 million each from the Rubber Board and KINFRA. Total investment by entrepreneurs in the Park amounts to Rs 3,000 million and the annual turnover of the units is estimated to be about Rs 3,500 million.
Explains Krishnakumar, Managing Director of the Park: “Set up with a vision to establish the most modern, futuristically-planned, world-class industrial environment, exclusively to serve rubber and rubber wood based industries, the Park at Irapuram is the first of its kind in the world, and it carries many unique advantages making it an ideal investment destination.”
The Rubber Park is a concept that is going to create far-reaching changes in the country’s rubber industry, he claims. The infrastructure facilities provided for Rubber and Rubber wood-based industry entrepreneurs can help them carve a top niche in discerning global markets, Krishnakumar adds.
Industry units in the Park
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Denne historien er fra September - October 2017-utgaven av Rubber Asia.
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