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The industry is arguing that the step is against the government's vision of Make in India as the import duty on the finished rubber goods is merely 10 per cent which makes them cheaper than the ones manufactured in India.

Rummy Chabbra, managing director Metro Tyres, while talking to TOI said the Industry was not in a situation where it could increase the cost of the tyres as they are facing stiff competition from China. "Chinese products would get a further edge on the Indian made finished goods of rubber as the import duty on the finished rubber goods is merely 10 per cent where as the import duty on the natural rubber that is the raw material has been increased to 25 per cent. If at all the government is serious about Make in India and wants the industry in the country to grow they will have to take this decision back as this is going to ruin the industry," he said.

Sanjeev Pahwa, chairman and managing director of Ralson India Limited, said: "This inverted duty structure that has been set up by the government is not good in the long run. Duty on the raw material should match the duty on the finished goods and rather the duty on finished goods should be more than the raw material. Though the government is trying to benefit rubber growers by doing this but the step would become counter productive as the market is already slow and such steps would further add to the their woes."

However, Mohinder Gupta, president All India Rubber Industries Association (AIRIA) and Managing Director of Vinko Auto Industries Limited, informed that there are over 5,500 rubber units in the country especially in the Micro, Small and Medium (MSME) sector. Punjab is a leading hub of rubber units in the country.

"The duty on import of natural rubber in India is already amongst the highest in the world. Small scale sector is finding it difficult to retain competitiveness against invasion of cheap import of rubber goods. Increase in duties on natural rubber will add to the cost of production in India making it tougher for MSMEs to compete both in domestic and international markets. Rubber products exports will be severely impacted," he said.

Gupta further added that India was grossly deficient in production of natural rubber. Domestic production and consumption gap had reached a level of 3.6 lakh tonne and there was no alternative but to import rubber. Many small rubber product manufacturers have closed down across the country in the face of competition from cheap imported goods.