Only PSUs have the right to mine black sand, Kerala's largest mineral resource. Three public sector companies have been working in this field for many years in Kerala. Considering the potential of black sand wealth, the current progress is insufficient. Public sector companies show no interest in scaling it up and running it in a way that attracts world attention. Meanwhile, many allegations and complaints have been raised about sand being loaded in lorries from Kerala's black sand deposits, transported to Tamil Nadu, and handed over to a private company for mineral separation. Moreover, the legislative committee's recommendation to acquire 350 acres as part of the evacuation of the residents whose lives have been made miserable by the debris flow from the KML company has been gathering dust for years.

In short, mining in the public sector is not beneficial to the state rather scares the locals instead. There are a few categories of people who benefit from this in many ways. They are the ones who constantly demand that mineral mining should not be taken away from the public sector under any circumstances. Many countries have developed with mineral mining but the authorities did it the right way in those countries. People with vested interests do not agree to do it that way here. If the private sector also enters this field with new technology, a revolutionary change will happen that can solve Kerala's financial crisis at once. The Mining Amendment Bill passed by the Central Government in the Lok Sabha paves the way for that. According to this, the private sector will also get the right to mine black sand. Once the bill is passed by the Rajya Sabha and becomes a law, the central government will get the power to hand over the mining of critical minerals including black sand to the private sector.

Mining of minerals such as gold, silver, copper, diamonds and platinum, including minerals that can be used for strategic nuclear and space sectors and national security, will also be left to the private sector. If India wants to become the third economic power in the world, policy changes that will benefit the country are essential. Premachandran MP has explained that Union Mining Minister Prahlad Joshi has assured that the Centre's new mining law amendment bill will not affect the coastal region. Premachandran MP explains that the Minister informed that the private sector will be exempted from the mining of coastal black sand under the Atomic Minerals Concessions Act 2016, as the coastal black sand will remain in the B list of the first schedule, even though titanium-containing minerals are included in Schedule 1 D and Schedule 7 of the bill. This will be clarified only when the bill becomes a law. If Kerala wants to achieve the desired progress with black sand, the private sector should also be allowed to enter this field. Otherwise, black sand mining in the public sector will continue for many years without any progress and Kerala will not get any benefit as well.