Arms Imports- Continuing Dependence

to export 7.5 million tonnes of low grade ore to Iran which has given us substantial credits. But that country to which 150 million tonnes of ore concentrates are to be supplied over a 21-year period, commencing from 1980, apparently does not want all that ore. It now has less ambitious plans for developing steel production. Iran,, which has so far disbursed about $ 255 million out of a promised credit of $ 630 million