The government will soon formulate a policy on export of iron-ore but has ruled out imposing a blanket ban as demanded by the domestic steel industry.
“The government is very concerned about the issue but it is not possible to put a blanket ban,” Union Minister of State for Steel Akhilesh Das said today.
He, however, said a policy would be framed soon to keep export of the raw material to the bare minimum.
Another report, also by PTI in BS, says
Steel Minister Ram Vilas Paswan today favoured framing a policy specific to the entry of Chinese steel companies into India, amid concerns in domestic industry about the market being flooded with cheaper steel.
“The government should frame proper policies on the entry of Chinese companies into India. They (Chinese steel firms) could be looking for opportunities here,” he said after inaugurating the Ministry of Steel’s pavilion at the India International Trade Fair.
Given the capacity of Chinese companies to manufacture and sell steel at cheaper rates, the domestic steel industry is apprehensive that allowing entry could threaten their existence.
What else can you ask for?
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