The domestic miners have said the upward revision in the export duty on iron ore to 30 per cent would make India's produce uncompetitive in the global market and total shipments were unlikely to exceed 50 million tonnes in the current fiscal. “The government has further hiked the export duty on iron ore to 30 per cent on December 30. This will make Indian iron ore totally uncompetitive in the world market,” Federation of Indian Mineral Industries' Secretary-General R. K. Sharma said.
Source : The Hindu
No comments:
Post a Comment