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Hanging fire for long, SC clears Posco’s $12-bn steel plant

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  • Last year, the Korean steel giant had already received the Ministry of Environment and Forests clearance for its mega plant in the coastal state’s Jagatsinghpur district and for its proposed captive port at Jatadhari.

    What next for Posco

    Posco has to start physical acquisition of land. Depends on company’s acumen and Orissa govt support

    Orissa’s rehab policy in place. Posco’s has to be approved by the Orissa govt

    This includes: job to one member in each affected family; township, residential premises for workers and additional employment

    In many villages, migrants have squatted allegedly in the hope of striking a deal with the Korean steel giant; requires deft handling and negotiations

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