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India Journal: Why Vedanta Lost and Posco Looks Like a Winner by Rupa Subramanya Dehejia

Two large industrial projects, one poor state, two likely different outcomes — and a long-haired, flamboyant environment minister-turned-crusader starring in both. No, this is not your latest blockbuster but it has the makings of one. As reported Monday, Posco, the South Korean steelmaker, cleared a major regulatory hurdle in its bid for a massive steel project in Orissa. An environment ministry panel gave clearance for an initial steel production capacity of...

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CRZ review may land Posco in trouble by Nitin Sethi

Before the environment minister Jairam Ramesh takes a call on Posco by the end of January the ministry is expected to put up the last of the three reviews of the Rs 54,000 crore project for his perusal – on the Coastal Regulation Zone clearance for the steel plant and the planned port. The review of the CRZ clearance for the project may land the Korean giant in trouble with...

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Environmental protection efforts rile pro-development forces in India by Rama Lakshmi

Every time Indian Environment Minister Jairam Ramesh says no to a project, his critics give him a new label: Green fundamentalist, anti-business, anti-growth, obstructionist, Luddite and Dr. No. The job has rarely attracted so much attention, but Ramesh has turned a sleepy and apathetic ministry into a controversial one in recent months. His pronouncements have stopped projects worth billions of dollars, creating powerful enemies in industry and business. His political colleagues have...

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MoEF refuses to lift stay on Lavasa

Twenty-four hours ahead of the hearing in the Bombay High Court, the environment ministry has upheld its order asking Lavasa Corporation Limited to stop all work in its hill township project near Pune. Work at the 25,000-acre planned city was put on hold by a showcause order issued on November 25. The ministry had said that final order on the showcause will be issued by December 31, provided Lavasa “co-operated and...

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Bombay HC stays Env Min's direction to Lavasa to stop construction

The Bombay High Court on Tuesday stayed Environment Ministry's direction to Lavasa Corporation to stop construction. However, Lavasa Corporation voluntarily agreed not to carry out any work till December 14. On November 25, MOEF issued a show-cause notice to Lavasa, demanding an explanation as to why it did not obtain clearances as per rules under Environment Protection Act, amended by notifications in 1994 and 2004. MOEF also asked the corporation,...

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