Out of 335 operating mining leases 72 private beach mineral mining leases terminated by JS, MOM. This is the reason for negative growth of Indian Economy

Web Admin

Aug 02 2021

The Below list downloaded from Ministry of Mines shows that, total 335 major mineral mining leases including beach mineral mining leases operated all over India on 2017. There is no fresh grant after 2017. But Joint Secretary, Ministry of Mines terminated 72 private beach mineral mining leases vide his order No. 1/1/2019-M.VI dated 01.03.2019 which affects more than one lakh people’s bread winning employment.

 

More than Rs.4000 Cr/year foreign exchange earnings lose to government in addition to Rs.1200 Cr/year by way of GST as well as Export Duty.  Indian Producers has lost their 40 years developed market share to China and other countries. Foreign investors also lost their faith over India to invest in the mining field.  Only convening of a meeting including beach mineral mining lessees, Atomic Energy Department, Ministry of Mines officials under the Chairmanship of Honourable Prime Minister alone will save 100 year old beach mineral industries and save one lakh families from poverty.

 

 

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