Clearing a protracted uncertainty over India’s largest-ever foreign direct investment, the Union Environment Ministry today gave its approval to South Korean steel major POSCO’s proposed iron and steel plant in Orissa. In an order today, the Ministry gave environmental clearance for the construction of a 12-million tonne per annum capacity iron and steel plant (4 million tonnes in first phase) and a captive power plant at Jagatsinghpur district of Orissa. It also...

India's environment ministry has given conditional approval to South Korean company Posco's plan to build a steel plant in the eastern state of Orissa. The ministry has also cleared the plant's captive port and power plant if certain conditions are met. The $12bn plant is India's largest foreign investment project. Last year, a government panel said that environmental clearances for the plant be scrapped. Critics say the project will exhaust iron deposits in...

Environment minister Jairam Ramesh has passed the Posco buck, nominally to the government of Orissa but, in reality, to the courts. His final clearance of the project depends on a categorical assertion by the government of Orissa that there are no 'other traditional forest dwellers' among those whose land would be diverted for the project. Three committees appointed by the Union environment and forests ministry, which do not see eye-to-eye...

Enthused by the Centre's nod to Korean steel giant Posco's mega-steel plant, the Orissa government on Monday said it would soon resume land acquisition at the project site. At the same time, given its past experience with a reluctant environment ministry, the government said it will adopt a wait-and-watch approach on issues like mining and renewal of memorandum of understanding. ''We welcome the decision and thank the Union government and...

A large number of villagers who have been opposing land acquisition for the proposed 12 million tonne capacity steel plant project of Posco-India Private Limited in Orissa are now in no mood to give up their struggle already in its sixth year. A day after Union Environment and Forests Minister Jairam Ramesh granted conditional clearance to the company's steel-cum captive power plant and a captive minor port, hundreds of men and...