Communist allies of the Federal Government demanded an immediate stop to
indiscriminate export of minerals, particularly iron ore as mineral deposits
were exhaustible and wanted a halt in moves to liberalize export of minerals.
Communist parties want all companies, whether Indian or foreign should be
allowed to export iron ore. Strangely, they cited China's policy of importing
iron ore from other countries instead of using its own. Usually, the Indian
communist parties take their direction from either China or Russia.
Targeting the Korean company Posco, the communists said they did not oppose
the steel plant but was against the company's plans iron.
Despite the reasons cited by the communists, we agree that export of minerals,
especially iron ore, from India must be stopped. Despite plans to
reduce iron ore exports to Japan and Korea, the Federal Government
continues on its plan to export iron ore to China. Exporting raw materials and
importing finished goods from China is fool-hardiness and is not sustainable.
Instead of helping the corporate world to set up more steel plants and
generating higher value goods and employment, the
Government is starving them while
continuing exports of iron ore.