The $12 billion Posco investment in India was supposed to be the biggest FDI project in the country. After six years that still remains on paper Horangineun jugeumyeon gajugeul namgigo, Sarameun jugeumyun ireumeul namginda (When tigers die, they leave behind leather. When people die, they leave their names behind) —Old Korean Proverb The news flash from Press Trust of India came on July 10, 2011. Posco, the $32 billion South Korean steel giant had decided to...
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Orissa HC reserves order on Posco land acquisition
-Orissa Diary The Odisha High Court on Tuesday reserved judgment on a petition seeking quashing of the land acquisition proceedings undertaken for the Posco steel plant proposed to be set up at Paradip in Jagatsinghpur district. The two-judge bench of Chief Justice V Gopala Gowda and Justice B N Mohapatra reserved judgment after hearing arguments from all sides on the land acquisition proceedings. The two-judge bench had reserved judgment on it on July...
More »Posco MoU renewal under cloud of uncertainty
-The Business Standard Steel maker yet to submit its written response. The renewal of Memorandum of Understanding (MoU) between the Orissa government and Posco India continues to be mired in uncertainty with the company yet to officially respond to the MoU renewal draft sent by the government one month back. The renewal of the pact for a 12 million tonne steel project in the state by the South Korean company that expired on...
More »Orissa: 6 lakh trees cut for POSCO? by Jajati Karan
An ecological catastrophe is in the making in Orissa where more than six lakh trees are being cut at the POSCO site in Jagatsinghpur district for the South Korean steel plant. The farmers in Orissa are protesting against the felling of six lakh trees at the POSCO site. More then 50,000 have already been cut down and nearly six lakh more trees are to go. The district administration is going ahead...
More »How to End a Million Mutinies by Revati Laul
IF YOU walked down the streets of Jantar Mantar in New Delhi between 3-5 August, you would see what TV cameras aren’t putting out on primetime news. Thousands of farmers from Jhabua in Madhya Pradesh to Rohtak in Haryana. On protest. Against the systematic grabbing of their land by various state governments across the political spectrum. On one side of the road, on large green carpets, are about 3,000 farmers,...
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