a) Minerals namely garnet, ilmenite, zircon, rutile, leucoxene, silimanite,
\nMonazite, etc are the minerals collectively called as heavy mineral or
\nbeach minerals.
\nb) India is blessed with 35% of entire world\u2019s reserve of many of these
\nminerals and world\u2019s 2nd or 3rd richest reserve in the entire world.
\nThese minerals are widely found in coastal districts of Kerala, Tamil
\nNadu, AndraPradesh and Orissa.
\nc) From independence to 1998, only a Central Government company
\nnamed IREL (Indian Rare Earths Ltd) was producing these minerals
\nexclusively.
\nd) In the year 1998, the then Prime Minster A.B.Vajpayee liberalized this
\nsector and encourage private participation of these minerals (except
\nmonazite).
\ne) Private players especially emerged in Tamil nadu and Andra Pradesh,
\npositioned the industry to be ranked No.1 in the world\u2019s production
\nranking.
\nf) Due to in-fighting, and some corrupt bureacrats, baseless allegations
\nwas floated on this industry and invited various measures against this
\nindustry, effectively killing the industry altogether.<\/p>\n
Step 1 :<\/strong> Revoke TLV (threshold limit value) back to 0.75% monazite in Step 2 :<\/strong> Call back the lease cancellation efforts made by Ministry of Step 3 :<\/strong> Revoke the canalization of these minerals through Indian rare Competent Authority : DGFT, Ministry of Commerce<\/p>\n Expected Forex inflow : 4500 crores equivalent in US Dollars savings in FOREX outflow : 3000 crores worth of Tio2 pigment Expected new employment : 75,000 employees immediately and Since the liberalization of the sector by the then Prime Minister A.B.Vajpayee this industry grew from mere Rs.35 Crores per year to 4500 crores.<\/p>\n Subsequently DGFT vide Notification No. 26\/2015-2020 dated 21.08.2018 Meantime Ministry of Mines amended the threshold value vide GSR Ministry of Mines vide letter No. 1\/1\/2019-M.VI dated 01.03.2019 This resulted in following drastic outcomes :<\/strong> Bringing back this sector, effectively with the three steps mentioned above a) Minerals namely garnet, ilmenite, zircon, rutile, leucoxene, silimanite, Monazite, etc are the minerals collectively called as heavy mineral or beach minerals. b) India is blessed with 35% of entire world\u2019s reserve of many of these minerals and world\u2019s 2nd or 3rd richest reserve in the entire world. These minerals are widely found in coastal … Continue reading “Measures for revival of heavy mineral industry in India and increase the forex in-flows”<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-2489","post","type-post","status-publish","format-standard","hentry","category-beach-sand-mining"],"translation":{"provider":"WPGlobus","version":"3.0.2","language":"ta","enabled_languages":["en","ta"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"ta":{"title":false,"content":false,"excerpt":false}}},"acf":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/beachmineral.com\/ta\/wp-json\/wp\/v2\/posts\/2489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/beachmineral.com\/ta\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beachmineral.com\/ta\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beachmineral.com\/ta\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/beachmineral.com\/ta\/wp-json\/wp\/v2\/comments?post=2489"}],"version-history":[{"count":3,"href":"https:\/\/beachmineral.com\/ta\/wp-json\/wp\/v2\/posts\/2489\/revisions"}],"predecessor-version":[{"id":2492,"href":"https:\/\/beachmineral.com\/ta\/wp-json\/wp\/v2\/posts\/2489\/revisions\/2492"}],"wp:attachment":[{"href":"https:\/\/beachmineral.com\/ta\/wp-json\/wp\/v2\/media?parent=2489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beachmineral.com\/ta\/wp-json\/wp\/v2\/categories?post=2489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beachmineral.com\/ta\/wp-json\/wp\/v2\/tags?post=2489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nthe rule Atomic Mineral Concession Rule (AMCR) 2016 which was
\namended by Ministry of Mines vide GSR 134(E) dated 20.02.2019<\/p>\n
\nMines vide their letter No. 1\/1\/2019-M.VI dated 01.03.2019
\nCompetent authority (for step 1&2) : Ministry of Mines<\/p>\n
\nearths Ltd (IREL) by DGFT vide Notification No. 26\/2015-2020 dated
\n21.08.2018.<\/p>\n
\nimmediately and 15% growth each year.<\/p>\n
\nimport is happening each year which can
\nbe saved.<\/p>\n
\nfurther when expansion happens.<\/p>\n
\ncanalized the export of beach minerals through IREL and prevented the
\nprivate players direct export. The canalization guidelines was so one sided
\nexcept IREL no other parties can export. So at present the export value
\ndecreased from Rs.4500 crore to Rs.1000 Crore per year.<\/p>\n
\n134(E) dated 20.02.2019. So there is no possibility to grant fresh mining
\nleases to private parties.<\/p>\n
\ndirected all the state governments to cancel the private mining leases
\ngranted to private parties for beach minerals.<\/p>\n
\n1) employment loss of more than one lakh employees.
\n2) The replenishable beach placer deposits was carried away by ocean
\ncurrents to neighbouring countries like Sri Lanka since it is not mined
\nin time in India.
\n3) India lost the dominance in industry which was achieved over a gradual
\ngrowth in the past 30 years. The entire beach mineral market and its
\ndominance went to developed countries and China.
\n4) Premature termination of the mining leases make fear on the minds of
\nforeign investors above Indian government.
\n5) The skilled labours in beach mineral industry as well as industry
\nowners migrates to the nearby countries and started developing the
\nindustry on other countries. As a result, India will lose the technical
\ndominance on this industry too
\n6) In addition to Rs.4500 Crore foreign exchange loss, 10% export duty
\nloss to the Central Government plus, 28% GST and 3% royalty to the
\nState Government.
\n7) Apart from 75000 employees in this industry, employment by way of
\nancillary industries approximate 50000 employees.
\n8) Though India has 1\/3rd of the reserve, due to the above action, Indian
\nTitanium producers import Ilmenite (which rightfully belongs to Indian
\nshores) from Srilanka as well as from other countries. Thus, foreign
\nexchange outgo loss to our nation.
\n9) The newly developed Indian Titanium Industries are struggling due to the heavy import cost of Ilmenite, through plenty of Ilmenite available in India, but could not use it. So India is losing foreign exchange of Rs.3000 Crores per year by way of Titanium Ti Oxide import from overseas countries.<\/p>\n
\nwill go a long way not only on country\u2019s economy but also providing local
\nemployment to rain show coastal areas of Tamil Nadu and Andra Pradesh.<\/p>\n","protected":false},"excerpt":{"rendered":"