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Wednesday, December 16, 2009

Govt of India asks POSCO India to file fresh proposal for its Orissa SEZ

The Government of India has asked Posco India Pvt Ltd, the arm of South Korean Steel maker to apply fresh application for setting up SEZ in Orissa. The Posco project has been held up since 2005, the year it signed MoU with the Orissa State government.

Due to protest by local people, Posco India has been problem in acquiring around 4,000 acres of land. Posco is scheduled to set up 12 million-tonnes project with Special Economic Zone status in Orissa. On Wednesday, Posco India Pvt Ltd is asked to file Form A - afresh application for setting up the 12 mtpa plant in Orissa.
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