Financial Daily from THE HINDU group of publications
Sunday, Oct 23, 2005
Financial Daily from THE HINDU group of publications Sunday, Oct 23, 2005 |
|
|
|
|
|
|
|
Industry & Economy
-
Steel `Export cars, not iron ore' Our Bureau
Kolkata , Oct. 22 THE Tata Steel Deputy Managing Director, Dr T. Mukherjee, has made a strong case for disallowing export of iron ore from the country. Speaking at Steel Metallics India 2005 organised here by Metal Bulletin and MetalJunction, Dr Mukherjee said: "Under-developed countries export iron ore, developing one export semis and developed ones export cars". With India having arrived as a developing nation and well on its way to becoming a developed one, "we as a nation would have to decide if we wished to export ore or cars," he said. Dr Mukherjee said the domestic consumption of iron ore was bound to go up substantially and the reserves in India did not justify export of iron ore. India needs to go up the value chain and, instead of exporting iron ore, would have to import iron ore to fuel its economic growth. He said Tata Steel was contemplating setting up a pelletisation plant either in Jharkhand or Orissa.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
