POSCO may shift to another state if going gets tough

POSCO may shift to another state if going gets tough
PTI
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First Published: Sat, Aug 04 2007. 07 13 PM IST
Updated: Sat, Aug 04 2007. 07 13 PM IST
Bhubaneswar: POSCO India, facing hurdles in acquiring land for its proposed 12 MTTP greenfield steel plant near Paradip in Orissa, has an ‘alternative place and state’ in mind, if it failed to set up the project at the present chosen site.
“We have given a thought on this issue in the wake of opposition from local people near Paradip. But intensity of the opposition to the company’s steel project has come down with time,” POSCO India CMD Soung-sik Cho told a TV news channel here.
Cho was answering a question as to whether the company would quit Orissa if opposition to its project continued for a long time. “Things are moving in a positive direction. We hope to start earth work at the proposed plant site in October,” he exuded confidence.
He said the plant site near Paradip was selected keeping an eye on the minimum displacement of human habitation.
“We will go beyond the Orissa government’s resettlement and rehabilitation policy which is said to be the best in India,” Cho said, adding the life of local people would certainly change in a positive manner after the plant was commissioned in Orissa.
“Look how the people of Pohang in South Korea have prospered only for the POSCO’s steel plant there. The people of Kujang will also experience the same prosperity after the steel plant came up in their area,” he said.
He said the company would certainly offer an acceptable rehabilitation package for the displaced people.
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First Published: Sat, Aug 04 2007. 07 13 PM IST