-The Business Standard   Even as Posco India is yet to submit a written response on the draft prepared for renewal of Memorandum of Understanding (MoU) with the Orissa government, the company is understood to have raised certain reservations over the omission of the iron ore swapping clause in the revised pact. While Posco has verbally agreed not to export iron ore from Orissa, the Steel maker has requested the state government to...

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...

-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...

-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...

The Posco Pratirodhaka Sangram Samiti (PPSS) president slammed BJD Rajya Sabha member Baishnab Parida on Saturday for commenting in the Parliament on Friday that large numbers of illegal immigrants from Bangladesh were hand-in-glove with anti-land acquisition leaders to oppose the proposed Steel plant construction in the seaside villages of Jagatsinghpur district. "Not a single Bangladeshi is residing in three gram panchayats of Dhinkia, Gadakujang and Nuagaon areas," said PPSS president...