Aint this the second time Posco trying to setup a steel plant in India. I think their last attempt was a failure due to enviornmental concerns
https://www.business-standard.com/a...odisha-is-over-says-posco-116040801130_1.html
Project in Odisha is over, says Posco
By NITIN SETHI | New Delhi | Last Updated at April 09 2016 02:24 IST
Image via Shutterstock
Korean steel major Posco told the National Green Tribunal (NGT) on Friday that it would not pursue any more its Rs 50,000-crore integrated steel plant project in Odisha.
In a case where Posco was defending the revised environmental clearance it had received in 2014, the court recorded the Korean giant as stating the “environmental clearance is valid only up to July 19, 2017, and they would not be able to do any work because the land has not been handed over to them and therefore the project cannot proceed any further”.