Issues regarding Posco project to be sorted out soon: CM Naveen

Bhubaneswar: Odisha’s Chief Minister Naveen Patnaik on Saturday hoped steel company Posco’s proposed $12 billion project in Jagastsinghpur will be put on track with the Prime Minister Narendra Modi’s assurance to South Korean President Park Geun-hye.

“I think problems of big industries including Posco will be sorted out. The PM had talks with South Korean president to put Posco project on quick path,” Patnaik said at a round table meet organized by an English daily here.

Notably, on November 13, Modi, who met the South Korean President at Myanmar on the sidelines of East Asia Summit, offered full support for the establishment of the Posco project in Odisha.

“With regard to the Posco project, he (Modi) expressed his full support for it and said, he would make efforts with the Odisha state government to resolve any outstanding issues,” said a release posted on the website of South Korea government.

Sources said the South Korean president also raised the issue of delay in allocation of a captive mine to Posco during the meeting.