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Can NMDC Be The Inlet For Posco?
Steel 360
|November 2016
Ask the steel minister or the steel secretary, both will tell you that South Korean steel major Posco is very keen to invest in India.
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But none would even give an iota of an answer to the next two legitimate questions — when and where? Posco officials in India try to avoid media. Posco was indeed very keen to invest in India. It had signed the initial pact with Odisha in 2005 to put up a USD 12 billion project, but scrapped the entire plan after trying vigorously in vain for 10 long years to get various clearances and acquire land for the purpose of setting up the plant.
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