VV Mineral Vaikundarajan Urges Exclusion Of Minerals To Further Job Opportunities

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VV Mineral Vaikundarajan Urges Exclusion Of
Minerals To Further Job Opportunities
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According to research, excluding minerals like
ilmenite, rutile and zircon in sand mining
process could create about 5 lakh jobs and lead
to big forex earnings. Following these results,
Beach Sand Mineral industry has sought exclusion
of these minerals.
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VV Minerals India founder and MD S Vaikundarajan
said, They are not used in atomic energy
production and the Department of Atomic Energy
(DAE) de-listed them from the list of prescribed
substances with effect from January 1, 2007. But
they have not been de-listed from the MMDR Act.
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He further informed having met Mines Secretary
Balvinder Kumar to grant the company removal of
these mines from the list of atomic minerals in
the MMDR Act.
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Such a step has the potential to direct and
indirect employment for 5 lakh people and forex
earnings to the tune of USD 1.8 billion in the
four states of Tamil Nadu, Kerala, Andhra
Pradesh, Odisha and Gujarat," added VV Mineral
founder.
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VV Mineral Vaikundarajan has also urged the
government to allow BSM producers to process
monazite with control from DEA and AERB. The
industry can give the Uranium and Thorium to the
government and sell the rare earths, which will
generate employment and forex," he said.
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