The Karnataka government is reviving Korean steel major POSCO's plans to set up a steel plant in the state.

In July this year, the ex chief minister Mr BS Yeddyurappa had halted the project citing farmer protests; but the industries minister has now confirmed the project is on and land acquisitions issues will be resolved soon.

State Industries Minister, Mr Murugesh Nirani has said that the project will be set up in Halligudi, Gadag district and the opposition from locals across the board has been nearly addressed

Mr Nirani told NDTV Profit that “Already about 3,180 acres of land have been identified and preliminarily notification is over. About more than 90 per cent farmers have agreed to give the land to POSCO. Farmers and government department have agreed for the price also.”

POSCO's troubles started this year when former chief minister, Mr BS Yeddyurappa halted the process of building the plant in the state after stiff opposition from local farmers in Halligudi in Gadag district.

(Sourced from NDTV)