SME Times is powered by   
Search News
Just in:   • Mishra launches Digital MSME scheme  • GST transition for SMEs  • GST, selling pressure spook investors, markets close lower  • AEPC joins hand with NSDL to assist exporters in GST compliances  • Apple, Cisco to help firms get cyber security insurance discounts 
Last updated: 20 Mar, 2017  

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

piyush.goyal.jpg
   Top Stories
» India, US vow to fight terror, boost economic cooperation
» Jaitley urges J&K CM to roll-out GST from July 1
» Traders' association urges govt for trial period of GST
» PM invites US business, says GST will ease way
» Govt postpones provision relating to TDS, TCS under GST
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
65.15
63.50
UK Pound
83.40
80.60
Euro
73.45
70.95
Japanese Yen 59.75 57.70
As on 27 Jun, 2017
  Daily Poll
Should Govt tax farm income above certain level?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(32)
» Poor state of state finances(13)
» PMEGP to assist entrepreneurs financially: Dinesh Rai(2)
» Air India unions warn govt of industrial unrest(1)
» Three years of Modi government(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter