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 Indian Gold Imports to rise 10%
Autor: Paciente 
Data:   19-10-2004 05:43

Gold import to rise

[ MONDAY, OCTOBER 18, 2004 10:41:20 PM ]

NEW DELHI: On the back of a 15 per cent increase in gold imports in the first half, MMTC Ltd said it was hopeful of ending the fiscal with about 20 per cent rise to 130 metric tonnes.

"We have seen a reasonable growth of about 15 per cent in the first six months of the current fiscal. With this pace and major buying season, we hope to register about 20 per cent growth to 120-130 metric tonnes," S D Kapoor, chairman and managing director, MMTC Ltd, told reporters.

He said the country’s total import of gold should go up to 880 metric tonnes, a 10 per cent rise from last year.
The chairman and managing director said the company’s iron ore exports had witnessed a growth of 6 to 7 per cent to six million tonnes and would close the year with 12 million tonnes.

Noting that some iron exports were needed from the country, he said some of deposits were found in areas like Goa where there was no domestic consumption and transporting it was also a costly affair.

Paciente

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 Indian Gold Imports to rise 10%  
Paciente 26  19-10-2004 05:43 



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