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India enjoys an advantage of mineral resources but counter-productive measures need to be taken. India has ilmenite reserves of 348 million tones, which is almost 25% of global reserves. Yet, India only account for 6% of world’s ilmenite production. “However, Indian ilmenite posses low titanium dioxide percentage as compared to reserves in the USA and Australia,” says V Subramaniam of VV Minerals India. This in turn affects production costs and global competitive edge for Indian mining companies.