Mining as you know has attained a very negative connotation to it in India. Mr. S. Vaikundarajan is the owner of the country’s most prestigious heavy mineral mining company in India named VV Minerals, India. In this article he tries to provide some clarity on the same.
Vaikundarajan explains how heavy minerals are part of almost everything that exists in modern homes. These needs can be fulfilled only if there is mining. Urbanization and modern development would not have been possible without mining and its steady supply of minerals.
The entire world believes that mining is equal to oxygen needs. Of course mining has drawbacks; however, there are global best practices and time-tested techniques to alleviate such drawbacks. Sustainable mining practices can curb the environmental impact.
Mining facilitates job creation, drives economic growth, boosts foreign exchange earnings and spurs development of industries such as transport, shipping, manufacturing, FMCG, etc. Moreover, mining will reduce India’s dependence on imports of ores and other products. In turn, this can conserve foreign exchange, curb the current account deficit and help reduce rupee volatility.
India needs to realize the importance of this industry and how it is helping the countries development. VV Mineral, Vaikundarajan strives to change this perception of people against mining.