Date:14/04/2008 URL: http://www.thehindubusinessline.com/2008/04/14/stories/2008041450481500.htm

Back ‘VSP must have captive mines’

Visakhapatnam, April 13

The new mining policy spelt out by the Union Government, with emphasis on exports, is dangerous and the domestic industries such as the Visakhapatnam steel plant will suffer as a result, according to the CPI(M). At a press meet here on Sunday, Mr Ch. Narasinga Rao, District Secretary of the CPI(M), said it was regrettable that the Union Government did not deem it fit to allocate captive iron ore mines to the steel plant here. “At the rate iron ore is being exported t o other countries, experts are warning that the domestic industry will suffer in future and after 30-40 years India may have to import ore. Still, the Union Government does not seem to bother,” he alleged. He said the Government should give priority to the domestic industry first and the demand for captive mines to the Visakhapatnam steel plant could no longer be ignored. —

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