A Parliamentary Panel has urged the government to avoid export of iron ore or similar resources which are scarce and limited. The report of the panel on Commerce Ministry was presented in the Parliament yesterday, advocated to promote export of agricultural products.

The panel strongly feels that efforts should be made to access the technology to process and value-add the iron ore fines whereas countries like China have been doing the same for years now. The panel headed by Shanta Kumar asked the government to learn from China which despite having huge iron ore reserves, has been preserving them for future.

It 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 our future and said that inititatives should be taken to attain technology to value-add the mineral resources and export the finished products.