, , , , , , ,

Vaikundarajan Subramanian, the director of V. V. Minerals, represented the heavy minerals industry at the ‘India Mining Summit’ organized by Assocham. V. V. Minerals is one of the country’s largest players in mining, manufacture and exports of garnet & ilmenite in the country.

V Subramaniam put forth the struggle of heavy minerals mining industry due to some 3,000 pending applications for mining leases owing to long drawn application process. Vaikundarajan said: “The long drawn and protracted mining lease application process involving 28 ministries and departments at state and central government levels, leading to a total gestation time of more than 2800 days (nearly 8 years) was severely impacting the industry.” The consequential resource crunch and dumping of Chinese titanium products and allied heavy minerals into the Indian market adds up to an uncompetitive market for Indian players in the India and abroad, he added.