Ban on mining activities responsible for unemployment VV Mineral V SUBRAMANIAN News Reports On Various Publications
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Three
news
stories
covered
by
Business Standard,
Financial Express and
Tamil Nadu Everyday published on June 3, 2014, stated that V. Subramanian, Managing Partner Of VV Minerals, India declares the ban on mining activities in Tamil Nadu is responsible for unemployment of 50,000 people.
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What the news stories talk about…
About a year ago in August 2013 the government of Tamil Nadu implemented a ban on beach mineral mining
The leading private mining companies like VV Minerals, India were forced to halt their mining activities in Tamil Nadu
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Approximately 50,000 local people lost their jobs out of which 15,000 worked for VV Mineral
The Heavy Mineral Mining Industry: Overview
In India Tamil Nadu is the largest contributor of heavy minerals, with about 85% of the total exports of 6.5 lakh tonnes of garnet
75% of the beach mineral mining in Tamil Nadu is conducted by VV Mineral
VV Mineral is the country’s largest mining manufacturer and exporter of garnet and ilmenite
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What the Veterans have to say‌ Valuable
inputs
by
an
eminent
industry player, the Managing Director of
VV
Mineral,
V.
Subramanian
enlightened the readers about the real challenges faced by the company and the industry overall.
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The Financial Express, Business Standard and Tamil Nadu everyday news reports state that the chairman of VV Mineral, V. Subramanian declared the following facts: • The country is loosing forex amounting to at least Rs 10,000 crore a year • beach mining is ‘replenishable’; in the absence of mining, such minerals are being carried away by sea waves and as a result, Sri Lanka, located further down, is reaping rich benefit at the cost of Indian industry • The ban on mining is impacting Indian firms' reputation as trusted partners with customers overseas. It is causing an annual loss of around Rs 300 crore to the state exchequer as well • The reopening of the mines could attract some few hundred crore of investment in the sector in Tamil Nadu
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“The local industry is nearly without job as a result of the ban that was effected in August last year. It has rendered joblessness to around 50,000 people including 15,000 of ours" - V. Subramanian, Managing Partner, V. V. Minerals
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More about VV Mineral VV Mineral is India's largest Mining, Manufacturer and Exporter of Garnet & Ilmenite. At the global level, VVM is poised to rise above the number two position.VVM is the first private Ilmenite Exporter in India.Â
Established in 1989, the company have achieved significant market share in Europe, Middle East, East Asia, Australia and USA.
V.V. Mineral is a family grown business started by Mr. S Vaikundarajan, Founder, Chairman & Managing Director, VV Group.
To know more about V. V. Mineral you can visit our website: http://www.vvmineral.com/about.htm
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