NEW DELHI: Commerce Minister Anand Sharma on Thursday his South Korean counterpart that the issues delaying the Posco project in Orissa would be soon resolved.
South Korean trade minister Kim Jon-Hoon, who is in India to take part in the India-Korea bilateral meet, said on Thursday that both countries should work together to find a solution if there are any environmental concerns.
"There are certain issues. I am sure whatever the glitches are, will be removed. The necessary clearances will come and the remainder issues will get settled," Sharma said.
Jong-Hoon said the $12 billion Posco steel project would usher in development in India and create more jobs. "We don't have to disregard the importance of this Greenfield investment which can create a great deal of jobs in India and a great deal of value for Indian industry," Hoon told reporters.
"The site where we are trying to set up the steel mill is not in my mind forest area," he said.
Posco had signed an agreement with the Orissa government in 2005 to set up a 12 MTPA steel project but the plans are facing environmental hurdles.
Read more at The Times of India
South Korean trade minister Kim Jon-Hoon, who is in India to take part in the India-Korea bilateral meet, said on Thursday that both countries should work together to find a solution if there are any environmental concerns.
"There are certain issues. I am sure whatever the glitches are, will be removed. The necessary clearances will come and the remainder issues will get settled," Sharma said.
Jong-Hoon said the $12 billion Posco steel project would usher in development in India and create more jobs. "We don't have to disregard the importance of this Greenfield investment which can create a great deal of jobs in India and a great deal of value for Indian industry," Hoon told reporters.
"The site where we are trying to set up the steel mill is not in my mind forest area," he said.
Posco had signed an agreement with the Orissa government in 2005 to set up a 12 MTPA steel project but the plans are facing environmental hurdles.
Read more at The Times of India
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