POSCO CMD meets Odisha Chief Secretary

Bhubaneswar, Oct 31: POSCO India CMD Gee Woong Sung met Odisha chief secretary GC Pati at the state secretariat here on Friday to discuss about the proposed mega steel plant near Paradip.

Both Sung and Pati discussed to augment the works for proposed project in Odisha. POSCO and Odisha government had signed a Mou on June 22, 2005 for a $12 billion steel plant and port project - the biggest foreign direct investment (FDI) in India - near Paradip.

The meeting comes in the backdrop of the Centre that recently sought more clarifications from the state government instead of taking a decision on allowing the companies for the Khandadhar iron mines in Sundargarh district.

It should be noted that the state government has already given its nod to the South Korean major for the mining lease in the district.

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