‘Posco can start work before signing fresh MoU’
Bhubaneswar: South Korean steel major Posco
can start work at the proposed plant site near Paradip before
signing fresh MoU with the state, the Orissa government said
Non-revision of MoU with the steel major was not a
problem for beginning activities, it said.
"Work for the steel project and processing of the MoU can
go simultaneously," Chief Secretary B K Patnaik told
There were several instances of allowing companies to
start work at the sites much before signing of the MoU, he
said, adding that the government has so far acquired over
2,000 acres for the purpose.
"We will talk to Posco-India over the matter relating to
beginning of the work at the proposed plant site areas under
Ersama block in Jagatsinghpur district," he said.
However, the company has to agree to begin the work on
the 12 mtpa mega steel plant before entering into any formal
MoU, an official at the steel and mines department said.
Replying a question, Patnaik said Posco-India had already
submitted its views on the controversial export clause in the
"Posco-India`s views on the export clause are being
examined by the law, steel and mines departments. The
provisions of the MMDR need to be in accordance with the
content of the revised MoU," he said.
Posco, in its previous MoU signed in 2005, had wanted
about 4,000 acre to set up the plant at an investment of Rs
Download the all new Zee News app for Android and iOS to stay up to date with latest headlines and news stories in Politics, Entertainment, Sports, Technology, Business and much more from India and around the world.
More from India
More from World
More from Sports
More from Entertaiment
- Entire Indian force can't defend Kashmir from terrorists: Farooq Abdullah
- Woman cop transferred within 24 hours of spat with Haryana minister Anil Vij
- It's a reality, Muslim youths from South India more attracted to ISIS: Kiren Rijiju
- PM Narendra Modi meets journalists at Diwali Milan
- Sheena Bora murder: Why did Indrani send servant to Kolkata to get illegal drugs?