There is a great potential for the expansion of rubber plantations in the country as the local production of the raw material is around 60 percent of the country’s requirement at present, Company Estate Reforms, Tea Estate Related Crops, Tea Factory Modernization and Tea Export Promotion State Minister Kanaka Herath has said.
The Minister made the observation during a field visit to monitor the progress of the Rubber Cultivation Expansion Programme being implemented in the Moneragala District.
With the mega scale investments in the rubber production sector including tyre manufacturing, the demand for local latex would increase day by day. It was proposed to commence operations in another large tyre manufacturing plant at the Hambantota industrial zone in the near future similar to the largest ever tyre manufacturing facility in South Asia, which commenced operations in Horana recently. Moreover there would be several other large scale private sector investments in the rubber