Tyre maker MRF to hold Partnership Summit in Meghalaya's Mendipathar

TURA:

The Madras Rubber Factory (MRF) is all set to hold a partnership summit to promote quality rubber in Meghalaya—an endeavour that the company hopes will provide better rubber for the products it manufactures. The summit will provide a platform to interact with the stakeholders of the rubber fraternity.

MRF is the largest tyre maker in India and the biggest consumer of natural rubber, having deep roots in the procurement activity in Meghalaya and Assam.

As per a release by MRF, the demand for natural rubber in the country is in exponential growth. However, tyre companies are forced to depend on imports due to lower production and shortage of quality rubber sheets in the country.

“Currently around 22% of the rubber produced in the country is traded from North East India. However, 60% of the rubber produced here is of lower quality that cannot be used by the tyre industry. Growers are not getting the desired farm gate price due to the lower quality of material from the region,” said the press communiqué by MRF.

MRF, being the largest purchaser of sheet rubber from the domestic market, is taking "considerable" initiatives to ensure that there is an improvement in the quality of rubber produced and the growers get maximum farm gate price.

“As a preliminary initiative, MRF will organise a gathering of rubber growers and dealers at MMCS community Hall, Mendipathar on Feb 18 at 2 PM with the help of Rubber Board of India. This meeting will help the growers to open up their issues and the industry can share the challenges that they are facing because of the availability of quality material,” they added.

The meeting will be led by Arun Mammen, Vice Chairman and Managing Director of MRF Limited, and T D Shira, Deputy Speaker will inaugurate the function. Dr KN Raghavan, IRS, Chairman and Executive Director, Rubber Board of India will give the keynote address for this event.

(Edited by Laxmi Chyrmang)