Indian government grants environment clearance to Posco steel plant

In this Tuesday, July 28, 2011 file photo, Indian villagers sit at the entrance point of Nuagaon village as they continue their protest against the acquisition of their land for the proposed $12.6 billion steel plant of South Korean conglomerate Posco, in Jagatsinghpur, India. AP Photo/Biswaranjan Rout

NIRMALA GEORGE
THE ASSOCIATED PRESS

NEW DELHI — India’s environment ministry has cleared South Korean steel giant Posco’s planned $13 billion steel plant in eastern India but has asked the company to spend more on social welfare, an official said Friday.

The clearance was given a few days ago and will allow Posco to go ahead with the massive plant in Odisha state, the official said. He was speaking on condition of anonymity as he was not authorized to speak to the media. He did not give further details.

The Odisha steel plant would be the largest-ever foreign investment in India. The country has been embroiled in fierce debates over how to protect its environment while lifting hundreds of millions of people out of poverty through investment and infrastructure.

Posco spokesman Jeong Yong-min in Seoul said the Indian government has asked the company to spend 5 per cent of its $12.6 billion investment in Odisha on social commitments.

But Jeong said no agreement has been reached on how much the company would spend on its social projects.

The project is expected to produce 13.2 million tons (12 million metric tons) of steel per year. It has been delayed for years following protests about environmental damage and land procurement hassles.

The Odisha project requires about 4,000 acres (1,620 hectares) of land for the steel mill as well as an affiliated power plant, railway line, road, water supply infrastructure and port.

An Indian environmental panel in 2012 suspended clearances for the plant saying permissions granted earlier were based only on environmental information about the first phase of the project and not the entire project.

05:31ET 10-01-14

[+]

Tags: , , , , , , , ,



Readers Comments (0)

Comments are closed.

Featured

Rashida Samji

B.C. Securities Commission finds Vancouver woman who ran a Ponzi scheme committed $100 million fraud

ALMAS MEHERALLY VANCOUVER DESI VANCOUVER – A B.C. Securities Commission panel has found that a Vancouver woman and two companies she controlled committed a $100-million fraud….
Continue Reading »

crime-sexually touching minor

West Vancouver police looking for woman who yelled at man accused of inappropriately touching minor girl on bus

THE CANADIAN PRESS Police in West Vancouver are investigating a disturbing incident involving a man accused of inappropriately touching an 11-year-old girl on a bus….
Continue Reading »

Canada-Edmonton-stolen

Canada balks at returning Indian statue of a woman believed stolen from Khajuraho temple

DOUGLAS QUAN POSTMEDIA NEWS  India is trying to repatriate a “voluptuous” 12th-century statue of a woman with a parrot on her bare shoulder that somehow…
Continue Reading »

LOCAL NEWS

BC Sikhs

Frustrated Port of Metro Vancouver truckers want government to push companies to comply with action plan

THE CANADIAN PRESS VANCOUVER — Drivers servicing the country’s largest port urged government on Monday to take swift action against trucking companies, which they say…
Continue Reading »

Rashida Samji

B.C. Securities Commission finds Vancouver woman who ran a Ponzi scheme committed $100 million fraud

ALMAS MEHERALLY VANCOUVER DESI VANCOUVER – A B.C. Securities Commission panel has found that a Vancouver woman and two companies she controlled committed a $100-million fraud….
Continue Reading »

crime-sexually touching minor

West Vancouver police looking for woman who yelled at man accused of inappropriately touching minor girl on bus

THE CANADIAN PRESS Police in West Vancouver are investigating a disturbing incident involving a man accused of inappropriately touching an 11-year-old girl on a bus….
Continue Reading »

Don't Miss...

BC Sikhs

Frustrated Port of Metro Vancouver truckers want government to push companies to comply with action plan

THE CANADIAN PRESS VANCOUVER — Drivers servicing the country’s largest port urged government on Monday to take swift action against trucking companies, which they say…
Continue Reading »

A hangman's gallows sits idle at the Benghazi Central Prison on March 1, 2011 on the outskirts of Benghazi, Libya. Inmates broke free of the prison during the uprising a week ago in the city. John Moore/Getty Images

Indian state offers fat pay raise in attempt to attract applicants to jail hangman job

RAMESH BABU HINDUSTAN TIMES The Indian state of Kerala is offering a pay raise worth thousands of dollars in an attempt to attract more men…
Continue Reading »

An Indian woman herds her cattle past an almost dried-up water body on the outskirts of Ahmadabad, India, Tuesday, July 15, 2014. Delayed monsoon rains have raised fears of possible drought in some regions with the meteorological department reporting an acute deficit in rainfall in many areas, according to news reports. AP Photo/Ajit Solanki

Armed bandits demand north Indian villagers deliver 35 buckets of water a day during drought

BISWAJEET BANERJEE THE ASSOCIATED PRESS LUCKNOW, India — Armed bandits in drought-stricken northern India are threatening to kill hundreds of villagers unless they deliver 35…
Continue Reading »

Narinder Kaur Kalsi, who has been on life support, since a domestic dispute at her Surrey home last week has died. Kalsi was pronounced dead just before 4:30 p.m. Sunday, said police. Her husband Beldev Singh Kalsi was arrested and charged in connection to her death. — Facebook Photo.

Surrey temple president charged with murder as wife dies in hospital after alleged domestic assault

CHERYL CHAN  VANCOUVER DESI The charge against a former Surrey temple president has again been upgraded after his wife, who suffered severe injuries in an…
Continue Reading »

Sikh American designer and actor Waris Ahluwalia is featured in a Sikh American PSA. Screengrab/YouTube.

U.S. organization launches first-ever Sikh American PSA featuring Waris Ahluwalia to combat racism (with video)

VANCOUVER DESI An American Sikh organization has created the first-ever Sikh American public service announcement in an effort to combat an ongoing “anti-turban bias” across…
Continue Reading »


Bollywood Latest

Priyanka Chopra

Priyanka Chopra’s ‘Mary Kom’ to have world premiere at Toronto International Film Festival

IANS Toronto – Priyanka Chopra-starrer “Mary Kom”, based on boxer M.C Mary Kom, will have its world premiere here at Toronto International Film Festival (TIFF),…
Continue Reading »

Nargis Fakhri

Bollywood actress Nargis Fakhri bruised, battered after shooting for “Devil” item number

SUBHASH K JHA IANS Mumbai – “Rockstar” fame actress Nargis Fakhri may be in bed resting it out after sustaining injuries while shooting her “devil”…
Continue Reading »

Indian Bollywood actor Shah Rukh Khan speaks during an appearance on a television show in Mumbai  June 5, 2014. STRSTRDEL/AFP/Getty Images

Shah Rukh Khan’s one-year-old baby AbRam likes Miley Cyrus’ Wrecking Ball

IANS Mumbai – Usually parents are cautious about their teenage children, but superstar Shah Rukh Khan is wary of his one-year-old son AbRam, who was…
Continue Reading »