Abolish export duty on medium grade iron ore: Goa CM

2-exclusive

Goa’s Chief Minister Manohar Parrikar recently demanded the abolition of export duty on medium-grade iron ore with a Fe (ferrous) content of upto 60%. He made the demand during the meeting of mines ministers held which was chaired by Union Minister of Mines Narendra Singh Tomar.

“I have raised the issue with the union minister to abolish export duty on medium grade ore of up to 60% Fe so that the product becomes competitive in the global market,” Parrikar told reporters after the meeting.

He informed that, presently, there was no export duty on low grade ore with a ferrous content of upto 58%.

Parrikar, who attended the meeting as he holds the mines portfolio in the Goa government, said that there was no demand for Goan ore within the country and it was, therefore, exported.

“Even the ore which has 60% Fe does not have much demand internally. Though I would love to do everything in the state itself, but under certain circumstances, Goan ore needs to be exported,” he said.

Parrikar claimed that transporting Goan ore within the country would cost double of what it would if the ore was exported.

Source: PTI