Final Call On Posco By Jan-End, Says Ramesh News

Author:
First published in Sanctuary Asia, Vol. 30 No. 12, December 2010

 

South Korea's Posco, the world's third-largest steelmaker, signed a pact with the government of Orissa in June 2005 to build the integrated steel plant. At around $12 billion (Rs60,000 crore), it was billed as the biggest foreign direct investment in India.

 

But the project, like those of ArcelorMittal and Tata Steel Ltd, has been delayed due to forest laws and stiff opposition from local people unwilling to sell their land. Read the full report here.

 

Source: Domain-b.com.

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