ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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cant, and this has considerably narrowed the cost advantage It had over copper. Moreover, aluminium too is in short supply and the situation is likely to worsen in the next few years. In such a situation, minimisation of the cost of inevitable imports by a well- defined long-term import and buffer- stock policy assumes special significance, The position with regard to lead is no different. India's lead imports, both in terms of quantity and foreign exchange expenditure, have ben rising very fast. They have more than doubled in the four years 1975-76 to 1978-79, to 50,000 tonnes worth Rs 27 crores from 24,000 tonnes worth Rs 10 crores. This increase has taken place despite the record 39 per cent increase to 10,475 tonnes in domestic production in 1978-79. Again, though the domestic production is slated to touch 15,000 tonnes in 1979-80, the demand is expected to exceed 60,000 tonnes

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