Posco’s exit sparks speculation over fate of acquired lands

Bhubaneswar: After Posco-India’s exit from Odisha, the lands in Jagatsinghpur districts acquired by the State for the single largest FDI have become centre of attraction for many. Question arises that who will take this lands and for what purpose? After the steel major pulled out, speculation started doing rounds on the fate of these lands […]

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Bhubaneswar: After Posco-India's exit from Odisha, the lands in Jagatsinghpur districts acquired by the State for the single largest FDI have become centre of attraction for many. Question arises that who will take this lands and for what purpose?

After the steel major pulled out, speculation started doing rounds on the fate of these lands whether government would take measures to invite new industries to utilise these lands or the same would remain in store. It is also said that ESSAR and JSW are keen on setting up steel plant in the concerned area. JSW chairman Sajjan Jindal had also shown interest in establishing steel unit while discussing with Odisha with CM Naveen Patnaik earlier in last year.