- THE ECONOMIC TIMES

Introduction The Economic Times The Economic Times story which was published on June 3, 2014, stated that the leading industry player, VV Minerals feels that the ban on mining activities has led to the unemployment of 50,000 people in Tamil Nadu

Facts Stated In The Report The ban on beach sand mining has been implemented almost a year ago in August 2013 Top players like VV Minerals, India have shut down operations since then Around 15,000 employees of VV Minerals have lost their jobs

General Facts About Heavy Mineral Mining VV Mineral is the country’s largest mining manufacturer and exporter of garnet and ilmenite Tamil Nadu is the largest contributor to the industry with about 85% of the total exports of 6.5 lakh tonens of garnet 75% of the beach mineral mining in Tamil Nadu is conducted by VV Mineral

Statements By The Experts Valuable inputs by an eminent industry player, the Managing Director of VV Mineral, V. Subramanian enlightened the readers about the real challenges faced by the company and the industry overall.

The Economic Times news report states that the chairman of VV Mineral, V. Subramanian declared the following facts:Economic Times The country is loosing forex amounting to at least Rs 10,000 crore a year beach mining is ‘replenishable’; in the absence of mining, such minerals are being carried away by sea waves and as a result, Sri Lanka, located further down, is reaping rich benefit at the cost of Indian industry The ban on mining is impacting Indian firms' reputation as trusted partners with customers overseas. It is causing an annual loss of around Rs 300 crore to the state exchequer as well The reopening of the mines could attract some few hundred crore of investment in the sector in Tamil Nadu

“The local industry is nearly without job as a result of the ban that was effected in August last year. It has rendered joblessness to around 50,000 people including 15,000 of ours" - V. Subramanian, Managing Partner, V. V. Minerals

More about VV Mineral VV Mineral is India's largest Mining, Manufacturer and Exporter of Garnet & Ilmenite. At the global level, VVM is poised to rise above the number two position.VVM is the first private Ilmenite Exporter in India. Established in 1989, the company have achieved significant market share in Europe, Middle East, East Asia, Australia and USA. V.V. Mineral is a family grown business started by Mr. S Vaikundarajan, Founder, Chairman & Managing Director, VV Group. To know more about V. V. Mineral you can visit our website:

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