China, the biggest importer of Indian iron ore, has been invited to set up pelletisation plants in India. As reported by Press Trust of India (PTI), Chinese steel makers are being encouraged to take full advantage of the zero duty on pellet exports from India.Another inducement is the recent drastic reduction, from 7.5 to 2.5%, in customs duty on pelletisation machinery imported into the country. ("India Invites Chinese Steel Makers to Set up Pellet Plants," 11 May)
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