MRF To Hold A Partnership Summit in Meghalaya

Leading Indian tyre maker, the Madras Rubber Factory (MRF) has confirmed that they have plans to start a partnership summit to promote good quality rubber in Meghalaya. The company believes that it could provide better rubber for manufacturing its products. It is also believed that this summit could provide them a common platform to hold interactions with the stakeholders of the rubber fraternity.

MRF is recognized by the country as the largest tyre maker 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 growing rapidly. However, tyre manufacturers in the country 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, 60percent 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.

Also Read:Which Tyre Stocks Of 2021 To Prefer? MRF over Apollo Tyres?

It is a known fact that MRF is the largest purchaser of rubber sheets from its domestic market to produce quality tyres. By doing this, the company is directly taking the responsibility to ensure growth in domestic rubber production which ultimately will get the rubber plantation growers the 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.

Also See:Bridgestone India Recognized As ‘Great Place to Work’

We at TyrePlex believe that the MRF summit in Meghalaya could benefit the growth of Rubber Plantation growers in the country. What do you think? Mention them in the comment section below.

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