Mining industry seeks govt. support for growth

July 29, 2014 11:54 pm | Updated 11:54 pm IST - SRIKAKULAM:

Mining industry, which is facing rough weather owing to the delay in sanctioning of mandatory permission from the authorities, has sought government’s support for the revival of the industry to spur economic activity and creation of employment opportunities in the State.

Mining Engineers Association of India (MEAI) strongly feels that there are ample scope for proper utilisation of mineral resources in coastal A.P. and establishment of new industries. Association president Arijit Bagchi and other representatives have submitted a detailed memorandum to the government in this regard.

They say heavy minerals such as ilmenite, zircon, rutile and garnet are widely available in the coastal belt and the minerals are used in production of paints, paper, ceramics, abrasive, insulation, cosmetics, leather, glass, artificial gems, aircraft parts, ceramics, filtration media and artificial human joints.

The Association observed that rigid laws, inordinate delay in sanctioning of permissions and handing over of the identified forest land to industries are the main reasons for the poor growth in the sector. According to them, major portion of mining areas are under the possession of villagers and the industries are ready to pay compensation for the land. “The govt. should take opinions of all stakeholders to come up with an exclusive mining policy. Focus should be laid on industries in backward regions of the State,” said Mr. Bagchi. He also sought exemption of 10 per cent export duty in view of the huge drop in demand for mining products.

Several sand mining industries including Trimex Sands Private Limited are keen to expand their activities only after the announcement of incentives. They feel that expansion activity without government’s support is not viable at the current juncture.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.