"Though the policy (on rubber) is ready, it has been getting delayed. We will announce it soon," Sitharaman said during the Regional Editors' Conference here.
She further said several rubber manufacturers look for imported rubber as it is "cheaper" than the ones produced domestically.
"We have taken steps to control imported rubber, which has become a huge irritant," she said, adding that import of rubber becomes a critical component as domestic production "falls short" of demand.
"Tripura has done very well. Even some parts of Odisha, north Andhra Pradesh are also interested to do. We need more rubber to be cultivated in this country," she pointed out.
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Earlier, on the production of spices in India, she said, the Centre has set a target of USD 3,000 million through exports of spices, by 2017.
"Production of spices in the country comes to around 60 lakh tonnes, of which 14 per cent are exported to more than 150 destinations around the world. We have aimed to achieve export of spices, to USD 3,000 million, by 2017," she said.
In order to promote spices that are state specific, she said, "Chilli has a big presence in Andhra Pradesh, Telangana and Karnataka. So, we have to make sure we have a Centre in Karnataka for chilli production."
On Coffee production, Sitharaman said, "Karnataka ranks
top in production of coffee at 54.2 per cent followed by Kerala at 19 per cent and Tamil Nadu at eight per cent."
To a query on tea production, she said, the central government was looking at converting many tea growing areas in Assam and Sikkim into organic tea growing areas.
"Why organic tea?.. Because, it sells good in overseas market, where growers can brand it and bring it in local flavours," she added.
Responding to a question on poor quality arecanut being imported from Nepal and Sri Lanka, she said, she would look into the matter.