Paswan seeks PM's intervention on ore export issue
The Steel Ministry has sought Prime Minister Manmohan Singh's intervention in capping export of high grade iron ore from the country and demanded that Long Term Agreements (LTAs) with foreign countries on exporting ore not be renewed.
By PTI |
NEW DELHI: The Steel Ministry has sought Prime Minister Manmohan Singh's intervention in capping export of high grade iron ore from the country and demanded that Long Term Agreements (LTAs) with foreign countries on exporting ore not be renewed.
"We have written a letter to the Prime Minister apprising him of the issue of exports of iron ore. We have also written letters to the Finance, Mines and Commerce ministries on the issue explaining our position to them," Steel Minister Paswan said while delivering a speech at the India Steel Summit organised by Assocham here on Thursday.
He sought to allay apprehensions of the industry on ore export, saying the government would take a balanced decision on the matter.
"I do not favour extension of LTAs with foreign nations because we would need more iron ore in the future," Paswan said.
To achieve the targeted 110 million tonnes of steel production by 2019-20 as envisaged in the national steel policy the country should ensure that sufficient quantity of iron ore and coal was made available to the steel producers.
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Paswan suggested that the vast reserves of iron ore be mined in scientific manner so that the raw material was available to the domestic steel utilities at reasonable rates.On the issue of shortage of coking coal, the minister said if state-run steel utilities failed to procure coal from within the country, then efforts would be made to get coal from abroad.
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