Time is the most important in today's world which is not given importance in India. The Indian system is very slow when it comes to processes and timely decisions. There are close to 3,000 pending leases applications relating to the heavy mineral mining industry that are yet to be cleared which in turn, is the reason behind the slow growth of this industry says V Subramanian, Director, VV Minerals

1. Mining Industry
Underperforms Due To 3000
Pending Applications On
Mining Leases

2. There are close to 3,000 pending applications for mining
leases in the heavy mineral mining industry and these
processes slow down the growth of the mining industry in
India.
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3. Recently, at ‘India Mining Summit’, an event organized by
ASSOCHAM this issue was discussed in details by people
from the mining industry which also included VV Minerals
Director, V Subramanian.
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4. V Subramanian,
director, VV Minerals
who represented the
heavy minerals industry
in the Summit 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."
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5. This is affecting both the development of the mining
industry as well as the economy of our country. Private
Companies like VV Minerals cannot function properly
under such a sluggish system
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mining.blogspot.in

6. Exports of various heavy
minerals are one of most
important contributors to
the exchequer which is also
getting hindered. VV
Minerals is the major player
in this section that has the
highest contribution to the
exports of heavy minerals
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7. Another problem being faced by the mining industry is that of
cost and regulatory challenges with specific reference to
impact of high excise duties on heavy minerals such as,
ilmenite was also discussed in the event by V Subramanian
from VV Minerals India
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8. S. Vaikundarajan, Chairman of VV Mineral has played a pivotal
role in bringing the heavy mineral mining industry where it is
today. But, somehow optimum utilization of resources is not
being carried out due to bureaucracy problems which leaves
us behind other countries in terms of trade and business
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9. If the mining regulations are revised in India and various
processes are carried out timely then this industry can be
taken to grater heights.
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ess.com

10. VV Mineral Blogs
http://vvmineralblog.wordpre
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http://vvmineral.wordpres
s.com
http://vvmineralmining.wordpr
ess.com
http://vvmineral-
mining.blogspot.in
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spot.in

11. Social Media
https://www.facebook.com/vvminer
almining
https://twitter.com/vvminera
lsindia
https://plus.google.com/b/115427745398374600
571

12. THANK YOU