A Parliamentary Panel has advocated to promote export of agricultural products. The report of the panel on Commerce Ministry presented in the Parliament yesterday, also urged the government to avoid export of iron ore or similar resources which are scarce and limited. The panel strongly feels that efforts should be made to access the technology to process and value-add the iron ore fines. It said that countries like China have been doing the same for several years.

The panel headed by Shanta Kumar has pointed out that China despite having huge iron ore reserves, has been preserving them for future. The report said, China has only been importing the iron ore, processing and value adding it, and selling it at a premium to the world. The panel considered that iron ore is the wealth for the future and said that inititatives should be taken to attain technology to value-add the mineral resources and export the finished products.