To boost rubber production, planting of rubber will be undertaken in 12,000 hectares (ha) in traditional areas during 2024-25 and 2025-26 with an outlay of ₹43.50 crore.
The rise affects the tyre industry and producers of rubber products such as footwear, bearings, and rollers, potentially impacting their profit margins due to higher raw material costs.
Investment of ₹1 lakh in this largecap stock 28 years ago would have turned out to be around ₹61 crore at present.
