May 08: The Korean steelmaker POSCO, who is on a mission to develop India’s largest steel plant in the Jagatsinghpur district of state Orissa, has received positive response from the government despite stiff protest from the locals. The project is now one of the most highlighted one in the Special Economic Zone controversy after Nandigram in West Bengal. The state government is trying its best to give green signal for the project which is supposed to be the largest foreign direct investment FDI project in India.
In the ongoing process, the steel giant POSCO have at least got some relief as the ministry of environment and forest cleared the project for making a port. The commerce secretary Priyabrata Patnayak confirmed the report while addressing the media.
The port is a crucial part for this Rs 52,000-crore project. It is supposed to be built over 114.8 acres with a capacity handling of 30 million tones cargo per annum. The company will invest around $900 million for building the port. The port will be around 3 km long and will handle all inbound and outbound cargo.
The company originally submitted the proposal in 2005 for building the port. Orissa State Pollution Control Board after conducting a public hearing and consulting Oceanographic experts and environmental scientists has permitted the port project. Earlier, the Paradip Port Trust (PPT) complained that the project may lead to erosion along the coastline affecting its own existence.
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