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A 14-member business delegation of All India Rubber Industries Association, supported by the MSME ministry, is visiting Japan from February 8 to 12 for exploring trade and investment opportunities in rubber sector.
The delegation is being led by Mohinder Gupta, President of AIRIA.
The other members of the delegation are the CEOs of AIRIA member companies representing the MSME industry.
Japanese rubber technology is considered the best in the world and India looks forward to have technical tie-ups, JVs and joint collaborations with the Japanese in rubber sector.
Both the countries are among the world’s largest producers of rubber and rubber products.
Despite India and Japan having distinguished position in the global rubber market, the bilateral trade on rubber and rubber products between the two countries is comparatively small, Gupta said.
Currently, export of non-tyre rubber products to Japan from India are around $10 million which AIRIA believes can be increased manifold if economic cooperation is enhanced.
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