India imports bauxite worth Rs 390 crore until Jun 10: IIVCC

This, despite its position as the country with the fifth-largest deposits of the mineral in the world

India, with the fifth largest deposits of bauxite in the world, continues to suffer large-scale forex loss due to its reliance on bauxite imports.

In the first quarter of FY22 until June 10, the country’s bauxite imports totalled to a $51.97 million (Rs 390 crore), with a significant share going to the participants in the value chain of extraction, transportation, processing and supply of bauxite and its end output, informed Indian Industrial Value Chain Collective (IIVCC).

The IIVCC group represents organizations involved in the industrial production and consumption supply chain across India.

“Despite India having the fifth largest bauxite deposit