South Korean steel major Posco on Friday said the proposed 12 million tonne steel plant in Orissa would result in an economic impact of Rs 12,33,208 crore
Instead of waiting for the government to do everything , the company has formed a crack team to persuade the villagers' opinion in their favour
POSCO officials have said it was unlikely to build the plant without assured supply of iron ore.
The government is believed to be working on a strategy to resolve the matter related to Wednesday's Supreme Court order asking Samsung Electronics Chairman Lee Kun-hee to appear within six weeks before the Ghaziabad trial court in a pending payment case.
Ridiculing Odisha government's claim that land acquisition for the proposed Posco project near Paradip was complete, CPI-backed Posco Pratirodh Sangram Samiti (PPSS) said demolition of betel vines did not mean taking over possession of farmers' land.
The 2,500-hectares lease included both notified and non-notified areas.
Land acquisition for the South Korean steel major Posco's proposed steel plant near Paradip was completed on Thursday with the Odisha government demolishing 25 more betel vines at Gobindpur village, official sources said.
Environment ministry has given its go-ahead to POSCO's planned steel plant in the country, but has asked it to spend on "social commitments", a company spokesman said, raising the project's cost by $600 million to $12.6 billion.
Terminal Zero will be constructed at the port of Abbot Point near Bowen town, Queensland, as per the Memorandum of Understanding inked between the company and Korea's POSCO.
Is it inconsistency in policy, or the lack of robust support?
Issue came up for discussions between President Lee Myung-bak and visiting Indian President Pratibha Patil.
The development comes in the wake of a high-level panel formed to address issues impeding mega projects in the steel sector, reviewing the stalled projects this month.
In corporate India where family disputes have become far too common, the Miglanis work as a team.
Korean major considers offering locals an export market in addition to compensation.
The Queensland Government has declared the rail corridor as a Strategic Development Area, the statement said.
The Environment and Forests Ministry was in news throughout 2010 -- be it for Vedanta Resources, Posco and Lavasa -- or for Jairam Ramesh's aggressive green activism.
The visit of Park Geun-Hye to India, though a symbolic one, will certainly give a further impetus to the strategic partnership between the two countries says Rup Narayan Das.
Posco Daewoo, the South Korean conglomerate whose Cielo sedan and Matiz hatchback were once the pride of Indian car owners, is looking to re-enter India. And its return journey is riding on plans to sell electric bikes and e-cycles. The company termed India's robust economic growth and surging consumer demand as reasons behind its comeback plans, saying they make India "one of the world's most promising consumer markets," according to Y S Choi, general manager, Posco Daewoo South Korea.
Maxxis Group of Taiwan, Singapore-based TongGarden decide to set up their facilities in Sanand.
Prime Minister Narendra Modi's visit to South Korea is considered essential in strengthening defence ties, enhancing economic cooperation and forging cultural ties between the two countries, says Dr Rahul Mishra
Orissa on Friday said it is geared up to resolve all issues hurting the proposed Rs 6-lakh crore investments in the state, including the Rs 1-lakh crore investments by the global steel giants--ArcelorMittal and Posco.
South Korean steel giant Posco said on Wednesday that it had signed the memorandum of understanding with the Orissa government for a $12 billion Indian steel project.\n\n
Posco was cleared because it is India's largest FDI project and the South Korean government lobbied for it. Such things don't happen in democracies which respect the rule of law, says Praful Bidwai.
Pune's Lavasa Lake City has run into rough weather with the environment ministry slapping a showcause notice on Lavasa Corporation for carrying out construction activities without its approval in 25,000 hectares.
It is raining mega investment in Orissa, but none of the big ticket projects have made any headway.
Sajjan Jindal's model of making land-losers stakeholders in his Bengal project appears to be attracting others.
Patkar, talking to reporters, said that she wanted to meet the family members of Swain, but a section of locals claimed that the team of activists was there to seek feedback from them about the JSW project.
Orissa could be on the cusp of a new era of industrialisation with the state government considering proposals for Rs 122,000 crore (Rs 1,220 billion) in investments, mainly in steel, alumina and power sectors, official sources said.
South Korean President Park Geun-hye's visit to India will enhance economic and military ties between the two countries and give the relationship a strategic dimension, says Jiye Kim.
Modi is keen to restart big projects which are stuck for various reasons.
The company had signed a memorandum of understanding with the state government to set up the plant at an investment of Rs 30,000 crore (Rs 300 billion).
The fourth finance ministerial meeting, to be held in New Delhi, will have Finance Minister P Chidambaram from the Indian side and Hyun Oh-seok, Deputy Prime Minister and minister of strategy and finance, from South Korea.
Because he knows Odisha; and Odisha knows him, observes Aditi Phadnis.
'He was sought after because he delivered.' Ishita Ayan Dutt profiles Tata Steel's new boss.
Even as the BJP makes inroads into previously unfamiliar territories in eastern India, the party will have to be wary of losing out elsewhere, says Amulya Ganguli.
Under the India-South Korea Bipa, a party can drag the other to international arbitration if its investments are threatened.
Was Adani able to clinch this loan merely as a result of his proximity to Prime Minister Narendra Modi?
