“In the last seven years we have faced some obstacles and delays but we are still determined to move ahead and construct a world class steel facility for the benefit of all stakeholders,” Posco India chief Y.W. Yoon said here.
“Posco will do its best efforts to construct a state-of-the-art steel plant in Odisha” he said while awarding Posco Asia Fellowship in a ceremony to ten students – five students each from the Biju Patnaik University of Technology (BPUT) and Kalinga Institute of Industrial Technology (KIIT).
The Odisha government signed an agreement with Posco in 2005 for a 12 million tonnes annum steel project the largest foreign investment in India. But there has been almost no progress on the ground due to local opposition.
Source: IANS
