Posco MoU: No Decision Yet On Ore Export

When asked Mohanty said his department is examining whether to delete the provision.

"The renewed MoU with Posco-India will have retrospective effect. We are hopeful of renewing the MoU by end of June," he said.

While according final forest clearance for the Posco project on May 2, Environment Minister Jairam Ramesh in his order had said he was 'deeply uncomfortable' with the provision of iron ore export in the MoU with Posco-India.

Ramesh had said he would expect the revised MoU (between the state and Posco) be negotiated in a such a manner that export of raw material is avoided. Read the full report here.

Source: Economic Times, Bhubaneswar.