Bhubaneswar: Posco India, a subsidiary of South Korean steel major Posco Tuesday said it is committed to its steel project in Odisha despite all the obstacles and delay.
“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.