The mining industry saw a turn of events with the Tamil Nadu government announcing a new policy for the sale of beach minerals. The government is set to put forth new granite policy that will allow it to undertake the sale of beach minerals in order to augment resources.
The initiative puts the government in good books financially although the Sale of Indian Mad Foreign Liquor is still the biggest revenue spinner for the state.
The policy should come as a respite in the wake of illegal sand beach mining scam that was probed by Madras High Court. The investigation has been ongoing since 2013.
Further improvements can be expected as the government prepares to launch a ‘Comprehensive Flood Protection Plan’ that will help curb the impact of floods in Chennai and other vulnerable coastal districts. Top priority will be given to Chennai – Bengaluru and Madurai – Thoothukudi corridors for the development of industrial corridors project. The entire operation will be computerized for better monitoring.
The illegal beach mining scam has gravely affected VV Minerals India, the largest sand beach mining company in India. While the investigating committee is yet to reach its verdict, there has been no evidence to suggest any illegal activities on behalf of the company. VV Mineral Vaikundarajan believes that the new policy and government’s initiatives will bring hope to the mining industry.