Mining Industry Should Adhere To Environmental Clearance Rules, Says Vaikundarajan

The existing mines in Madhya Pradesh have found themselves in the spotlight. “Some instances of children drowning in mining pits filled with rain water have been reported. The concerned locals requested for an action to be taken immediately. Following this, the National Green Tribunal has asked the principal secretary and district collectors to carry out an inspection,” explains Vaikundarajan, founder and managing director of VV Minerals India, one of the leading sand beach mining companies in India.

Vaikundarajan further explains that the mining areas lack a safety mechanism to prevent these incidents from happening. Under the environmental clearance, there should be fencing around the area as well as guards patrolling the area.

Another case was filed by Afsar Khan pertaining to sourcing of raw material for crushers for construction of the road between Shahdol-Annuppur. The directions for investigation were given by Justice Dalip Singh as a judicial member and Satyawan Singh Garbyal as expert member. The next date for this hearing has been scheduled for October 20,2016.

“Mining industry should abide to all the environmental clearances. Safety of the employees and the locals should always be the utmost priority,” says Vaikundarajan.

What Does Lenskart Funding Mean? Vaikundarajan Answers

Three months ago, Lenskart shocked us all when it announced a Rs 400 crore funding. As if that was not enough, the company has raised an undisclosed amount from Premji Invest. “It is a strategic move by the online eyewear retailer. This will help Lenskart gain from Premji Invest’s extensive experience,” says Vaikundarajan.

Backed by enough funding, the company should be able to plan a road map for the next 4-5 years. “Lenskart had previously raised about 714 crore from investors like IFC, TPG Growth, IDG Ventures, Unilazer Ventures and Adveq,” adds Vaikundarajan.

A collaboration with Premji Invest means that the company can benefit from the extensive experience in retail and try to build a stronger image of the brand in the market. It is revealed that the brand will be focusing on both offline and online growth.

“Lenskart is planning to expand its manufacturing capacity and increase the revenue over the year. Their target for the end of fiscal is 500 crore,” informs Vaikundarajan. A backing from Premji Invest will help the company tap into a larger market share. If all goes well, Lenskart could be planning to go public in the next 5 years.