September 07, 2008

POSCO considering relocation of their project

PTI reported that POSCO on Sunday said that it would prefer to relocate its proposed 12 million tonnes per annum Greenfield plant near Paradip rather than see that bloodbath.

Quoting the decision of the POSCO’s board of directors, Mr Sashank Patnaik a spokesman of POSCO said it would prefer to shift to some other place than invite a bloodbath. He said that “POSCO would like to set up its project with cooperation from the local people. If they do not agree with the project, the company may think otherwise.”

He added that "POSCO had come here to do business and not for creating social disturbance like what happened at Kalinga Nagar in Orissa's Jajpur district and Nandigram and Singur in West Bengal."