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POSCO`s proposed $12 bn steel mill in east India

POSCO wants to build a USD 12 billion steel mill in eastern India, but the project has faced delays because of environmental worries and protests by local residents concerned about the mill's impact on their agriculture-based livelihoods. Here are some questions and answers about the project, which has already been delayed by three years: What is the project? The world's third-largest steel company wants to set up a mill in the eastern state...

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Left parties demand shifting of Posco's project site

Making fresh demand for withdrawal of clearances accorded to Posco's mega steel plant, Left parties today sought shifting of the project from the proposed site near Paradip to any nearby place in Orissa's Jagatsinghpur district. The demand was made before the Union environment minister Jairam Ramesh when a delegation of the Left parties including CPI, CPI(M), Forward Bloc along with RJD and Samajwadi Party, met him at New Delhi. In a joint...

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Profs ask Ramesh to scrap project

As environment minister Jairam Ramesh gets close to deciding the fate of $12 billion Posco’s steel plant in Orissa, civil society pressure from India and around the world is mounting to scrap the project. Around 40 business schools professors have urged Ramesh to look into the dubious data produced by Orissa to convince importance of the Posco’s project of steel plant and a port. The professors, who analysed reports submitted by different...

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Forest panel to recommend withdrawal of clearance to Posco

After 10 days of back and forth discussion, the Forest Advisory Committee (FAC) plans to recommend withdrawal of the clearance granted to the South Korean giant Posco for its Rs.54,000-crore integrated steel plant in Orissa. “It was a conditional clearance that specifically mentioned the need to meet the FRA [Forest Rights Act] requirements,” said an FAC member, who did not wish to be named. “We have agreed that they have not...

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Posco violated forest rights act, confirms panel

An environment ministry committee has confirmed that the Forest Rights Act was violated during acquisition of land for South Korean steelmaker Posco's project in Orissa. The Forest Advisory Committee, which in December 2009 had given approval for the $12 billion project, did not recommend scrapping the approval given. In August 2010, the ministry had stopped the acquisition work on the basis of a report submitted by the NC Saxena Committee, constituted to...

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