Monday, November 01, 2004

More to Iron Ore Exports

Was just wondering who all will be benefited by Export of Iron Ore to other Countries.

Let's see. If the Iron Ore is exported at High Rate, obviously the exporters like NMDC, Tata Steel etc.

But, If Iron Ore is exported at Low Rate, then it means, that someone apart from exporter is making money. It could be the client, or the agency who is the middleman for the deal. I wonder why would an exporter want to export at Low rate and incur less profit? None of the professional company will do that. Only one to do so would be the PSUs.

Who gave right to PSUs to sell resources belonging to country to be sold to foreigners at such low rate? It is probably most unpatriotic thing to do.

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