Rubber-consuming industries have expressed concern over decline in rubber productivity and availability of various forms of rubber in the country.
Rubber growers have also agitated on the issue of increased risk to production due to climatic factors and adverse price movements caused by imports.
"With a view to address the concerns expressed by various stakeholders in the Rubber Sector and to formulate a National Policy on Rubber, the government has decided to constitute an expert committee," a commerce ministry statement today said.
The expert committee would have 23 members including a joint secretary from the Department of Industrial Policy and Promotion, Rubber Board chairman, representative of state government of Tripura and Kerala.
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It will be chaired by Additional Secretary (Plantations) Department of Commerce.
"The expert committee will submit its report including the draft of the National Rubber Policy as early as possible, say, within six months," it added.
India, the world's fourth largest producer of natural rubber, is dependent on imports as domestic production is short of demand.
In 2012-13 fiscal, rubber production was 9,13,700 tonnes, lower than consumption of 9,72,705 tonnes.