THE LAND acquisition process for Posco in Gadag district of Karnataka has been called off by the Karnataka government owing to intensified opposition from the farmers. A day after Karnataka Chief Minister Yeddyurappa announced that land acquisition for Posco project in Gadag will be called off and the project will be shifted elsewhere, around 40 villagers from Halligudi met him in Bangalore on Thursday and expressed their willingness to give up...

-IANS   South Korean giant Posco's plan to set up a six million tonnes per annum steel plant in Karnataka is in doldrums with the state government dropping plans to acquire land, in the face of opposition from farmers and religious leaders. "Even if the farmers agree to give land, we will not acquire it in Gadag district," Chief Minister B.S. Yeddyurappa told reporters Thursday. "If Posco is interested in setting...

Bangalore : Under pressure from religious leaders, farmers and opposition parties, the Karnataka government has decided to shelve acquisition of over 5,000 acres of land for two major industrial projects in Mangalore and Gadag districts. On Tuesday, the government gave in to a 24-hour ultimatum issued by the seer of Udupi Pejawar Mutt, Visvesha Thirtha, to withdraw a move to acquire 2,035 acres of land for an SEZ in Mangalore. On Wednesday,...

  THERE is money on offer, but the farmers of Halligudi, a hamlet of 5,500 people in Karnataka's Gadag district, are hardly happy at the prospect of 3,382 acres (one acre is 0.4 hectare) of farmland being acquired for a Rs.32,336-crore steel plant south of National Highway 63, which runs between Karwar and Bellary. The plant is to be set up by the Indian subsidiary of the South Korean steel major Posco...

A host of steel-manufacturing units are keen to set up plants in Karnataka, and all want captive mines. SOUTH KOREA'S Posco is not the only steel-maker keen to do business in Karnataka. The State's estimated 9,000 million tonnes of good-quality iron ore reserves, which is the second largest in India, the State government's assurances on a smooth land acquisition process, the availability of water and the promise of speedy regulatory clearances...