What Steps is Sri Lanka’s Government taking to promote the Export of the Rubber and Rubber based product Industry?

Sri Lanka’s rubber and rubber-based product industry have long been a significant contributor to the country’s economy, with exports of rubber and rubber products accounting for a significant portion of the country’s total exports. In recent years, the Sri Lankan government has taken several steps to promote and support the growth of this industry.

1. The government has implemented a range of policies and initiatives aimed at increasing the productivity and competitiveness of Sri Lanka’s rubber industry. This includes providing subsidies for the purchase of rubber planting materials and equipment, as well as offering tax incentives for rubber-based industries.
2. The government has also invested in research and development to improve the quality and yield of rubber crops, as well as to develop new rubber-based products.
3. The government has also invested in the development of infrastructure and facilities to support the rubber industry, such as rubber research and training centers and rubber export processing zones.
4. The government also promote the rubber industry through international trade fairs and exhibitions, as well as by encouraging foreign investment in the sector.
5. Government also working on to increase the rubber plantation area by providing land and other facilities to farmers.

In summary, the Sri Lankan government is taking a range of steps to promote and support the growth of the country’s rubber and rubber-based product industry, including implementing policies and initiatives to increase productivity and competitiveness, investing in research and development, developing infrastructure and facilities, promoting the industry internationally and encouraging foreign investment.