Govt., of India Ministry of Commerce, CAPEXIL select VV Mineral as Highest Exporters in Minerals and Ores Sector for the years 2015-16 and 2016-17

V.V. Mineral (VVM) was established about 30 years back as a partnership firm for production of the mineral garnet. When the Beach Sand Minerals (BSM) sector was opened to enable private sector players in 1998 to work hand in hand with the then existing public sector companies, VVM ventured into recovering all the BSM minerals other than monazite, like ilmenite, garnet, rutile, zircon and sillimanite. This has resulted in the India’s export earnings from this sector to rise from a meager Rs. 35 crores in 1998 to Rs. 4000 crores in 2015.  VV Mineral also entered into value addition of ilmenite and produce Titanium pigments and projects are on line to value addition of zircon and garnet.

VVM has ISO 9001, ISO 14001 and OHSAS 18001 certifications and has the best R&D facilities for BSM in India and also the latest laboratory instruments for quality management.

VVM provides direct and indirect employment to around 10,000 rural villagers in the rain shadow region with all the facilities much above the government stipulated minimum salary norms and free medical scheme without any limits for the employees and their families.

VVM through their CSR activities takes care of the local population by helping in the education, health and provision of drinking water facilities for the backward villages in the mining areas and also has a dedicated free medical center for the health assistance of the local people. By establishing an engineering college in the most backward village in Tirunelveli district, VVM is helping the local young generation to get a good education in engineering at the government stipulated fees. Please see :  https://vvmemp.blogspot.com/  for more details.

According to Atomic Energy Department Joint Secretary speech, India has more than 35% of the world deposits of BSM, but the production to reserve ratio (PRR) is very less. Due to the opening of this sector in 1998, this had resulted in 80% increase to 0.0018 within 15 years. The international PRR is around 0.01%. If the Government of India allows private sector players in this field to have a level playing field with public sector units for production and value addition of BSM, VVM will be able play a major role in this sector. The organization has the core competence required to meet the challenges required to achieve the PRR of 0.01% both technically and financially.

If this is achieved, the country will be highly benefitted both economically and strategically. This level of activity also will result in direct employment for about 3,00,000 persons, indirect employment for about 5,00,000 persons in the backward rural areas in the country. This will also eliminate any import of BSM minerals and their derivative products into the country.

In addition, India will become a prominent player as the exporter of TiO2, rare earth products and zirconium chemicals. Hope “Make In India” Programe will be introduced in the beach mineral field and thus our nation will self sufficient in terms of rare earth oxides. VVM is preparing to implement “Make in India” programe if Government of India permit.