India was unanimously elected as the next Chairman of the International Rubber Study Group (IRSG). The IRSG is a non-profit organisation made up of countries that manufacture and consume natural and synthetic rubber (SR).
For the next two years, KN Raghavan, the head of the Indian delegation to IRSG and Executive Director of the Indian Rubber Board, will serve as Chairman of IRSG.
The position of chairman became vacant when Cote d’Ivoire’s time as chairman came to an end. India will be well-positioned to protect both producers’ and consumers’ interests in the IRSG because it is both a producer and a consumer of rubber.
The organisation was created in 1944 and is headquartered in Singapore. IRSG is the only place where NR and SR producers and consumers can get together to discuss issues that affect them all.
The IRSG not only collects and disseminates statistics on global NR and SR production, consumption, and trade, but it also serves as a forum for discussion on issues affecting the global rubber industry and as a link between government and industry.
The Common Fund for Commodities has certified it as the only international commodities group for development finance in the rubber industry.
The IRSG has a panel of associates in addition to member nations to enhance engagement between industry and the Secretariat. On payment of an annual membership fee, any company or organization interested in the rubber industry can join the panel of associates.
ANRPC, IRSG, and IRRDB are three significant worldwide rubber organizations. The first two are intergovernmental, whereas the third is a research institution network. Raghavan, the group’s new chairman, will preside over a meeting of the Heads of Delegation on March 31 in Singapore.