New Delhi: The Orissa state government on Monday said that it will remove all hurdles to South Korean steel giant Posco's Rs 52,000 crore plant within the next three months.
"We will find ways within the next three months to sort out all hurdles. Already the steel giant has been given 1,100 acres of land for its proposed 12 million tonne integrated steel plant in Jagatsinghpur district," PTI quoted Orissa Steel and Mines Minister Padmanabha Behera as saying.
Behera reasoned that misgivings among the people in the project site were being addressed and hoped that Posco would commence work on its project in due course.
Reacting to media reports that Posco was planning to withdraw from the coastal state, Behera said, "One needs to understand that we are progressing as per the terms and conditions enshrined in the MoU we signed in June 2005."
Last week Posco reported to be reviewing its India investment plans owing to problems on the ground.
The company is believed to have told the Centre and the Orissa government that if matters were not sorted out within the next two-three months, then it could re-consider its investment plans in the country.
Seeking categorical assurance from the government on various issues pertaining to its project, Posco has asked the the Navin Patnaik government to spell out its stand on its project "as it cannot afford to wait for an indefinite period," the source said.
(With agency inputs)
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