labels: steel, posco india
Posco threatens to shift out of Orissa if problems persist: report news
23 October 2007
Mumbai: South Korean steel giant Posco has hinted at the possibility of shifting out of Orissa if problems with the project-affected local people persist.

Expressing concern over the deteriorating situation, the company said it is weighing options to shift the project to some other parts of the country.

Recently, villagers protesting against the Posco project kidnapped some of the company''s workers. The abducted were, however, released unharmed later.

The board of directors of the fourth largest steel-maker, which reviewed the progress of its Rs52,000 crore India project yesterday, said it would prefer to shift to some other place than invite a `bloodbath` in setting up the project, Posco spokesman Sashank Patnaik said."Posco had come here to do business and not for creating social disturbance like what happened at Kalinga Nagar in Orissa`s Jajpur district and Nandigram and Singur in West Bengal," Patnaik said.

Top Posco officials, however, had expressed their willingness to continue with the project, taking into consideration assurances from the central government and Orissa chief minister Naveen Patnaik.

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Posco threatens to shift out of Orissa if problems persist: report