FIMI writes to Rajan seeking roll-back of export duty on ore

In a letter to Raghuram G Rajan, Chief Economic Advisor to the Ministry of Finance, FIMI said higher export duty coupled with exorbitant freight charges have led to a steep fall in exports of ore which has drastically come down from 117.37 million tonnes (MT) in 2009-10 to 61.74 MT in 2011-12.