Posco lands up in Green Tribunal
Meanwhile, the Korean company has sought more time from the Centre to execute its Special Economic Zone(SEZ) at Paradip. The SEZ included the setting up of the 12 thousand tonne per annum capacity steel plant with an investment of over Rs 53,000 crores. In its plea the company said that the project was being delayed due to the delay in acquisition of land required for the plant. An inter-ministerial board of approval headed by the Union Commerce Secretary Rahul Khular would take a decision on Posco`s plea on November 28. Aside from Posco, 16 other companies have petitioned the Centre for extending the term of SEZ execution.
While the anti-Posco agitationists have been demanding to scrap the deal in to, the group supporting the project have demanded that the issues of rehabilitation and resettlement should be resolved through the RPDAC.