Therefore, to get an in-depth analysis of the rubber industry, The Sunday Morning Business took the initiative to investigate the market. Commenting with regards to this subject, the Sri Lanka Association of Manufacturers and Exporters of Rubber Industry (SLAMERP) Director General Rohan Masakorala stated that the rubber industry is picking up after being adversely affected by Covid-19 last year. Masakorala said that another concern the rubber industry is facing right now is the failure to implement the nine-year Rubber Industry Master Plan that was proposed to commence from 2017 with an aim of improving Sri Lanka’s rubber industry. A Memorandum of Understanding (MoU) to implement the Rubber Industry Master Plan 2017-2026 was signed between the Ministry of Plantation Industries and the Sri Lanka Society of Rubber Industry on 12 September with an aim to make Sri Lanka’s existing $ 1 billion rubber industry a $ 3 billion industry before 2026. ConclusionThe rubber industry in Sri Lanka has excellent potential for exponential growth if the right direction is shown by the authorities for businesses to perform.

Source: The Nation July 18, 2021 06:22 UTC