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.

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

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

3. http://vvmineral.wordpress.com
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.”

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

5. http://vvmineral-mining.blogspot.in
"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.

6. http://vvmineralmining.blogspot.in
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.
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.

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