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No takers for BTRA carbon fibre technology
Although Bombay Textile Research Association (BTRA) developed a technology to produce carbon fibre, a speciality fibre, more than a decade back in 1985, not a single Indian company has evinced any interest to take up its commercial production in the country. BTRA has spent about Rs 20 crore for developing this technology.
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Edible oil imports to be lower this year on higher global prices
Edible oil imports are likely to be lower at around 13.5 lakh tonnes in 1997-98, following higher international prices. This in turn is likely to result in higher prices for edible oils in the local market. In the last oil year (November 1996 to November 1997) India imported around 17 lakh tonnes of edible oils.
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Sugar may have bottomed out for now
Domestic sugar prices have, during the past six months, slipped marginally, while international prices have dipped by around 10 per cent. This indicates that India's sugar economy has balanced out quite well, despite the shrill noises being made by the industry following three lakh tonnes of duty-free sugar imported by local and international trading agencies over the past few months.
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MMTC wangles small price hike from Japan for iron ore lumps and fines
Iron ore, a high-volume, low-value mineral, continues to dominate super star trading house MMTC Ltd's exports and is estimated to swell the country's foreign exchange kitty by a little over Rs 1,000 crore in the next fiscal (1998-99). Of this amount, the bulk -- about Rs 650 crore -- will come from Japan, MMTC's main, and tough, customer.
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