Sharma rules out ban on ore export

Aug 17, 2010 |

Correspondent

THE COMMERCE and industry ministry has said on Monday that it is not in favour of restricting iron ore exports even as the ministry of steel and Karnataka government want curbs on the mineral shipments. “If iron ore exports are restricted, it would effect economic activities in remote areas where handling of iron ore is the main employment generating activity," minister of state for commerce and industry Mr Jyotiraditya Scindia informed the Lok Sabha.
Steel ministry and CM of Karnataka Mr B S Yeddyurappa are in favour of discouraging exports of iron ore to appropriate export duty in view of exploitation of mines and illegal mining.

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