Sri Lanka has an impressive record in the planting, production and export of rubber which is today the third largest sector to the country’s economy, said President Mahinda Rajapaksa.
Rubber is an important part of the country’s plantation sector and its contribution to agro-industry provides gainful employment to more than 300,000 persons making it a mainstay in the socio-economic aspects of the country, he added.
Sri Lankan Rubber and Rubber products have today earned worthy recognition for good quality and reliability in the international market, he stated.
The business-friendly environment that prevails in Sri Lanka today has great promise for the further development of the Rubber Industry, the President stated in his message issued for the Global Rubber Conference (GRC) 2014, inaugurated today (Oc. 27) at the Cinnamon Grand Colombo.
Following is the full text of the message by President Rajapaksa;
“I am pleased to send this message on the occasion of the Global Rubber Conference 2014 being held in Colombo.
Sri Lanka has an impressive record in the planting, production and export of rubber which is today the third largest sector to the country’s economy. Rubber is an important part of the country’s plantation sector and its contribution to agro-industry provides gainful employment to more than 300,000 persons making it a mainstay in the socio-economic aspects of the country.
Sri Lankan Rubber and Rubber products have today earned worthy recognition for good quality and reliability in the international market. This success is largely due to the cooperation of the state and private sectors in the rubber industry, and the special role of multi-national companies operating in Sri Lanka in this sector.
The business-friendly environment that prevails in Sri Lanka today has great promise for the further development of the Rubber Industry. This is made possible by increased investment in infrastructure facilities, and the development of ports and highways that help open new opportunities to the business sector, both among the small and large investors.
International market trends give good indications of an excellent growth potential for the Rubber Industry with a rise in global demand for natural rubber. To help to meet this demand, the Government has taken several measures to modernize, streamline and increase rubber production in the country and encourage the maximum value addition to this important product of the plantation sector.
In this context the holding of this Global Rubber Conference - 2014 in Sri Lanka is most timely and of much value to the progress of this industry, through the exchange of knowledge and experience by those in the international rubber market who are able to analyze the emerging trends in the global rubber industry, and thus contribute to Sri Lanka’s potential for further advancement in this sector. It will also contribute much to attracting foreign investment to Sri Lanka in this well established area of agro-industry.
I commend the Sri Lanka Export Development Board and M/s Confexhub Sdn Bhd. of Malaysia, for organizing this event in Sri Lanka and also thank the Ministry of Industry and Commerce, Ministry of Plantation Industries and all other relevant stakeholders for their contributions to the holding of this event in Colombo.
I wish the Global Rubber Conference 2014 every success”.
The Conference which will be held until October 30 is co-organized by the Sri Lanka Export Development Board (SLEDB) and supported by the International Rubber Research Development Board (IRRDB) and over 20 global Government agencies and associations.
The GRC 2014 is locally supported by the Ministry of Industry and Commerce and the Ministry of Plantation Industries.
Global Rubber Conference 2014 themed “Sowing the Seeds for Sustainable Future” is expected to bring together over 500 experts and delegates including government officials, rubber producers & planters, traders, importers & exporters, manufacturers of rubber products, commodity and investment analysts, rubber machinery & equipment suppliers and their supporting industries representing over 25 countries.
They will converge at this event to discuss a wide spectrum of commercial and R&D developments, share experiences, get updated on the latest trend and technologies transformation at the same time strengthen friendship.
It will be addressed by 18 eminent guest speakers who represent Government agencies, rubber research bodies, rubber associations and commercial companies.
The conference aims to bring together both regulatory authorities and commercial players of the rubber world to provide updates on current trends and future challenges faced by the natural rubber industry.