ISBN: - 978-93-88936-09-5 (8) The Hindu Business line dated on Dec 25- 2013 stated that the physical rubber price were mixed on Tuesday the market war in a holding mood On the every Christmas major counters were steady even in the absence of quantity sellers but ungraded rubber dropped marginally amidst scattered transaction ISNR 20 and latex improved furthered better demand while overall volumes were dull shell rubber finished unchanged at RS 160 a kg at kottayam and cochin accounting to traders and the rubber board. (9) The Annual Rubber Conference 2010 hosted by the Government of India held in Cochin on October 6.2010. The NR markets in the last two year have been governed by prediction and uncertainties in supply. Some visualized an oversupply of NR after 2012 on account of extensive planting area since 2005. (10) The Hindu Business line dated on Dec 19 - 2013 stated that the Spot rubber price were almost steady on Wednesday the market lost its direction despite a firm closing in domestic futures as there was no follow up buying by major consuming industries RSS-4 suffered marginally during late trading hours, while overall volumes were extremely atoll in most counters. 2.2 (d) REVIEWRELATING TO RUBBER BASED INDUSTRY (1) Mooharjee.K.N, (1968), in his study opines that, the need of the hour in the rubber industry is expansion and diversification. The rubber industry in India has been taking very great efforts to expand and diversify the production activity. Thus, today the rubber industries produces hydraulic breaks and air breaks with comprise highly specialized automatic applications. The techno creation of India to innovate highly sophisticated technologies which can ultimately facilitate the growth, expansion and diversification. (2) Chand Nair. (1969), is of the view that, the price of natural rubber has been under control. Since 1942 with short breaks both maximum and minimum prices for various grades of rubber have been fixed by the government only. He holds that these prices are comparatively higher than those in other natural producing countries. The rubber industry pays Rs. 300 per ton or excise duty for every tone of rubber purchased to the Rubber Board which is statutory body looking after the interest of the rubber plantation industry. This amount is collected from the industry for the betterment of plantation (3) Patel N.K, (1972), in his study finds that, the rubber industry is basically associated with chemicals, plastics, paints, lace and glass. However it cannot be denied that this is a strategic industry both in times of peace and war. He adds that the industry has 43
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