Posco may shift to Karnataka

November 12, 2010 01:06 am | Updated October 22, 2016 01:23 pm IST - Seoul:

A senior government official told reporters here on Thursday that Posco might shift to Karnataka, which was making active overtures to the Korean company.

This gives a new twist to the ongoing tussle between the Ministry of Environment and Posco.

The Ministry had recently asked Posco to stop work in Orissa, where the company has been trying to start operations for many years.

Asked about the delays and Posco's predicament, the official said Posco “had no option but to wait… Where else will it get 600 million tonnes of high grade ore?

He said the Koreans understood the issue involved, but would consider the Karnataka option.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.