| Date: |
21-07-2011 |
| Subject: |
Puthussery Decries Rubber Import |
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The decision taken by the Union government to import 40,000 tonnes of rubber and reduce the import duty from 20 per cent to 7.5 cent is highly detrimental to the State's rubber sector, former MLA Joseph M. Puthussery has said.
In a statement here on Wednesday, Mr. Puthussery called upon the Centre to review the decision and protect the interests of the State's rubber growers.
He said the decision would lead to a sharp decline in the price of rubber and badly affect the State's economy.
The rubber import had surpassed its limit with an import of 38,223 tonnes in the period from April to June compared to India's total rubber import of 19,118 tonnes in 2010, he said.
Mr. Puthussery alleged that there was every reason to suspect a deliberate attempt to deny a better price for the rubber growers in the State.
Source : thehindu.com
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