Policy for iron ore exports from non-major ports in State approved

The Hindu
The Hindu
9h ago 7 views
Karnataka's government has approved a new policy allowing iron ore exports from non-major ports, reversing a 2010 ban. This move aims to regulate exports and generate revenue amid past illegal activities.
Policy for iron ore exports from non-major ports in State approved
A What happened
On November 27, 2025, the Karnataka government approved the Karnataka Non-major Ports Iron Ore Handling Policy, 2025, which allows the export of iron ore from non-major ports. This decision reverses a 2010 ban that was implemented to prevent illegal exports and regulate the iron ore industry. The Supreme Court had previously ruled in 2022 that exports could resume under a government policy. The new policy aims to create a standard operating procedure for iron ore handling and is expected to generate revenue through various fees, including registration and license fees. The policy will not be applied retroactively due to ongoing legal cases. The 2010 ban was put in place due to significant illegal activities, particularly at Belekeri port, where large quantities of iron ore were reported missing.

Key insights

  • 1

    Policy Reversal

    The new policy reverses a decade-long ban on iron ore exports.

  • 2

    Revenue Generation

    The policy is expected to generate significant revenue for the state.

  • 3

    Legal Context

    The Supreme Court's ruling in 2022 enabled this policy change.

Takeaways

The approval of the Karnataka Non-major Ports Iron Ore Handling Policy marks a significant shift in the state's approach to iron ore exports, aiming to regulate the industry and enhance revenue while addressing past illegal activities.

Topics

Business Economy Politics & World Policy & Regulation