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VV Mineral Vaikundarajan Speaks To Governance India On The State Of Heavy Minerals Industry

Founded by S Vaikundarajan in late 1980s, VV Minerals is one of the largest exporters of beach minerals in India today. Ramesh Kumar Raja of Governance Today interviewed VV Mineral Vaikundarajan on India’s current position and its improvement in the world heavy minerals market.

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VV Mineral Vaikundarajan Speaks To Governance India On The State Of Heavy Minerals Industry

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  1. VV Mineral Vaikundarajan Speaks To Governance India On The State Of Heavy Minerals Industry

  2. Founded by S Vaikundarajan in late 1980s, VV Minerals is one of the largest exporters of beach minerals in India today. Ramesh Kumar Raja of Governance Today interviewed Vaikundarajan on India’s current position and its improvement in the world heavy minerals market. http://vvmineralblog.wordpress.com

  3. Ramesh Kumar Raja: What is the size of heavy minerals market in India? VV Mineral Vaikundarajan: India has about 35% of world deposits but contributes a meagre 4% of global production. The total beach sand resources are estimated at 942.58 million tonnes comprising of Ilmenite, Zircon, Rutile, Garnet, Silimanite and Leucoxene. Ramesh Kumar Raja:How much does heavy minerals constitute in the total mining done in India? VV Mineral Vaikundarajan: A paltry 2% despite being home to world’s largest reserves of heavy minerals sand. http://vvmineral.wordpress.com

  4. Ramesh Kumar Raja: What are these heavy minerals, where all they find utility and how are they important for Indian economy? VV Mineral Vaikundarajan: Ilmenite, Zircon, Rutile, Monazite, Garnet, Sillimanite and Leucoxene can be used in industries such as electronics, ceramics, pigments, paints, paper, plastics, pharmaceuticals, aerospace and defence. Garnet is widely used as an abrasive in oil producing companies for corrosion control while Ilmenite and Rutile are Titanium feedstock used for producing Tio2 pigment and in production of welding electrodes. Zircon is used in ceramic tiles and in refractory for insulation. http://vvmineralmining.wordpress.com

  5. Ramesh Kumar Raja: What are the major policy bottlenecks that are affecting industry growth despite the scope? VV Mineral Vaikundarajan: It has been only 3 decades that private sector has entered the industry. Several government policies are yet to be updated to suit the needs of private sectors. 7 state agencies and 11 central government agencies are involved in granting permission for mining and processing. Several conditions laid out by the Ministry of Environment and Forest is impractical for private sectors. Moreover, the CRZ requirement is not in favour of beach mineral industry. Export licenses are valid for only a year and renewal procedure is tiresome. http://vvmineral-mining.blogspot.in

  6. Ramesh Kumar Raja: What are the opportunities in this sector? VV Mineral Vaikundarajan: If tapped into correctly, the heavy minerals industry could yield 30,000 crore rupees. The growth of mining industry is a boost to India’s GDP. Currently, the private sector contributes close to 5% of world’s heavy mineral production. With government’s assistance, we can easily contribute over 50% of world’s production. Ramesh Kumar Raja: Where do you foresee this industry in next five years? VV Mineral Vaikundarajan: With the right policies and government assistance, the growth of mining industry can be almost 30-50%. http://vvmineralmining.blogspot.in

  7. Ramesh Kumar Raja: What is your annual output of heavy minerals each year in India? VV Mineral Vaikundarajan: A close to 7,00,000 tonnes of heavy minerals each year valued at INR 850 crore approximately. Ramesh Kumar Raja: What is the infrastructure of VV Minerals and who are its close competitors? VV Mineral Vaikundarajan: VV Mineral presently owns about nine Mineral separation plants with each dry plant having its own pre-concentration plants, a huge fleet of trucks and earth moving equipment, 12 warehouses with a storage capacity of 600,000 tonnes, a full-fledged R&D Department, Exploration team with Drill Rig, Centralised laboratory and first of its kind Ship loader (which can load 21,000 tonnes/ day). http://vvmineralblog.wordpress.com

  8. Ramesh Kumar Raja: What support do you need for developing heavy minerals mining in India? VV Mineral Vaikundarajan: To start with, a single window clearance for the mining industry will be helpful. Export incentives will allow India to compete at a global level. Restrictive Import Policy should be done away with. The process of MoEF and CRZ clearance for heavy minerals should be simplified. http://vvmineral.wordpress.com

  9. V.V. Minerals Blogs http://vvmineralblog.wordpress.com http://vvmineral.wordpress.com http://vvmineralmining.wordpress.com http://vvmineral-mining.blogspot.in http://vvmineralmining.blogspot.in

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

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