POSCO
The South Korean Steel Gaint , with largest FDI in India ( 12 billion $) , was to set up a plant in SEZ in Jagatsighpur( Near Paradeep port)in Odisha. The capacity of the plant was 12 MT initially by acquiring 4004 acres of land, but due to protst they are getting only 2700 acres of land. Swami Agnivesh and Megha Patkar are also lending support to protestors. after getting 2700 acre of land, POSCO expect to produce 8 Million tons by 2018.
The Environment Ministry has clear the project with directions to protect forests and tribal rights.
Pohang Iron and Steel Company is a multinational steel-making company headquartered in Pohang, South Korea. In 2010, it was the world's largest steel manufacturing company by market value
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