“In Budget 2013-14 which is to be proposed by Finance Minister P Chidambaram on Feb 28, the 2.5% import duty on Iron ore should be reduced to zero.
It will help to overcome the iron ore availability crisis in Indian domestic market, which is also impacted by delays in project approvals such as land acquisition and environment clearances”, says Tata Steel Managing Director H M Nerukar.
Sourced
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