INDUSTRIES
INDIAN MINERALS AND INDUSTRIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Large scale
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Small scale
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Cottage
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none of above
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Detailed explanation-1: -The rubber industry in India, which is dominated by small-scale sector, is today estimated at 75, 000 crore. Out of the 6, 000 rubber products manufacturing units, 90 per cent are MSMEs spread across different clusters. MSMEs account for 40 per cent of rubber products exported.
Detailed explanation-2: -The production of rubber and products made of rubber is a large and diverse industry. Rubber industry is an important resource based industry sector in the world. It has witnessed a steady and strong growth over the years.
Detailed explanation-3: -Rubber output in India is between 6 and 7 lakh tonnes per year, amounting to Rs. 3000 crores. Ribbed Smoked Sheets (RSS) account for 70% of total rubber production in India and are also imported by India, accounting for 45% of total rubber imports. Today, the Indian Rubber Industry has a turnover of Rs 12000 crores.
Detailed explanation-4: -The global synthetic rubber market size was valued at USD 23.0 billion in 2022 and is projected to reach USD 28.9 billion by 2027, growing at a cagr 4.6% from 2022 to 2027.