Vaikundarajan, VV Minerals No. 1 Heavy Mineral Mining Company In India
Introduction • India has a huge scope for heavy mineral mining • We have a immensely gifted coastline with abundance of heavy minerals • India needs to focus on how these heavy minerals can be utilized for the benefit of the entire nation http://vvmineralblog.wordpress.com
Current Industry Scenario • The government right now has a monopoly over exports of heavy minerals to other nations • However, privatization of this industry is the best solution to make it flourish • Some private heavy mineral miners, like VV Minerals have achieved great heights in India • By reducing the duties and fastening the legal processes, private companies in India will be able to expand their business on global fronts and bring more benefits to the Indian Economy http://vvmineral.wordpress.com
About VV Minerals, India • Private heavy mineral mining company owned by S. Vaikundarajan • Pioneers of the heavy mineral mining industry • Largest exporter of heavy minerals in India • The first company to receive the ‘Export House’ http://vvmineralmining.wordpress.com
How Does This Affect India? • It is very rare to find such abundant deposits of Heavy Minerals across the world • India has a gifted coastline with mineral deposits • Currently the heavy mineral mining is conducted is only one third the actual amount of deposits India has • Over time these minerals get washed away again and deposit on shores of other nations like Sri Lanka
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Possible Solution • The Government needs to understand the importance of heavy minerals • They need to fasten the processes of getting mining leases • They should reduce export duties applied on export of such heavy minerals which do not allow private miners to reap any benefits
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