The Heavy Mineral Mining Industry Current Scenario: Mr. V. Subramanian, Managing Director Of VV Minerals, India

 

The Managing Director of VV Mineral, V Subramanian gave an insightful interview on DD News on June 3, 2014 about the various shortcomings in the industry because of mining ban and export duties, imposed by the State Government in Tamil Nadu. He stated that because of this ban there has been grave revenue loss to the industry as well as the country. Explaining about the importance of mining to our country, Mr. V. Subramanian said that the country loses forex amounting to Rs. 10,000 Crore due to an industry shut down since August 2013. He also mentioned how the 10% export duty on heavy mineral mining is affecting the income levels of the manufacturers in India, which allows other countries who have lower export duties to flourish more.

To find out more please watch the video below: https://www.youtube.com/watch?v=Vc_oxqCvdsg&feature=youtu.be

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