SME Times is powered by   
Search News
Just in:   • 1,500 delegates to participate in Global Entrepreneurship Summit  • CENTRESTAGE to showcase budding designers from 6-9 Sep  • SC directs police to furnish details of Unitech flat buyer numbers  • NAFTA deadlock: US, Canada, Mexico kick off renegotiations  • Equities trade in green; metal, oil&gas stocks buoy sentiments 
Last updated: 20 Mar, 2017  

Posco.9.Thmb.jpg Other firms will come if Posco exits steel project: Goyal

piyush.goyal.jpg
   Top Stories
» Fall in exports of perishable goods prods govt to explore water transport
» Govt bans exports of gold items above 22 carats
» India-Sweden MoU on IPRs to benefit SMEs: Govt
» Relief to SMEs as govt extends GST exemption for NE, hilly states
» 'Japan may announce new comprehensive package for India'
SME Times News Bureau | 20 Mar, 2017
There are other companies that can replace Korean firm Posco if it decides to withdraw from its delayed steel project in Odisha, Coal and Power Minister Piyush Goyal said on Sunday.

"There are more and more opportunities in India and if one company chooses to pull out, others will come in," Goyal said on the sidelines of an international diamonds conference in Mumbai 'Mines to Market'.

Commenting on the delay in land acquisition and other issues, Goyal said the project approval "had happened during the earlier regime and now things are becoming more transparent".

Odisha Industries Minister Debi Prasad Mishra recently said that Posco India has in a letter requested the state government to take back the 2,700 acres of land provided to the company near Paradip for setting up a 12 million-tonne-per-annum steel plant at an investment of Rs 52,000 crore.

Late last year, the Odisha government informed the state assembly that Posco had not made any progress in setting up its $12-billion steel plant, even though the state government had allocated land for the purpose.

Odisha Steel and Mines Minister Prafulla Mallick had informed the state assembly that the government had seen media reports that Posco has temporarily put the project on hold.

Posco India, touted as the country's largest foreign direct investment, which is mired in controversy for the last nearly 11 years, has put the project on hold.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
65.65
63.95
UK Pound
85.35
82.50
Euro
74.65
72.25
Japanese Yen 58.30 56.35
As on 17 Aug, 2017
  Daily Poll
Is GST affecting exports negatively?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(9)
» PM's I-Day speech: Govt eases way for small businesses(3)
» Economic Survey: Volume-2(3)
» List of items for which anti dumping duties has been levied with related notifications(2)
» Govt officials taking stock of export issues related to post GST, FTP(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter