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VV Mineral Vaikundarajan Represents The Heavy Minerals Industry At India Mining Summit

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.

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VV Mineral Vaikundarajan Represents The Heavy Minerals Industry At India Mining Summit

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  1. VV Mineral Vaikundarajan Represents The Heavy Minerals Industry At 'India Mining Summit'

  2. 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. http://vvmineralblog.wordpress.com

  3. 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.” http://vvmineral.wordpress.com

  4. 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. VV Mineral, Vaikundarajan spoke on the financial and regulatory impact of high excise duties on heavy minerals such as, ilmenite. http://vvmineralmining.wordpress.com

  5. "This leads ultimately to not just loss of revenue and opportunity cost for the emerging industry, but also underestimating the potential of a sector which could yield nearly Rs 30,000 crore in annual turnover and correspondingly loss of much required higher taxation revenues for central and state governments," VV Mineral Vaikundarajan added. http://vvmineral-mining.blogspot.in

  6. Without any anti-dumping duties, high excise duty cost was making the product lines unfeasible, which "leads to not just loss of revenue and opportunity cost for the emerging industry, but also underestimates the potential of a sector which could yield nearly Rs 30,000 crore in annual turnover and correspondingly, loss of tax revenues for central and state governments." said Vaikundarajan. Considering its long coastline, the speedy processing of the pending heavy mineral mining lease applications, India could grab almost 30% of global market share as opposed to the present 3% and unravel a whole new economic paradigm for this sector. http://vvmineralmining.blogspot.in

  7. VV Mineral Mining Blogs http://vvmineralblog.wordpress.com http://vvmineral.wordpress.com http://vvmineralmining.wordpress.com http://vvmineral-mining.blogspot.in http://vvmineralmining.blogspot.in

  8. Social Media https://www.facebook.com/vvmineralmining https://twitter.com/vvmineralsindia https://plus.google.com/115427745398374600571

  9. Thank You

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