Parakh Foods rated as fastest growing FMCG company
By Our Corporate Bureau | 12 May 2007
Earlier in the day villagers had released one of the three detainees, a lady executive, and the driver of the vehicle. According to reports, all three employees are locals from the company''s office in Kujanga, about 20 km from Paradip.
Posco
India is the Indian subsidiary of the South Korean steel
major.
According to police sources, the people who had detained
the Posco employees were supporters of the Posco Pratirodh
Sangram Samiti, an anti-Posco forum that is spearheading
agitation in the area against land acquisition by the
company.
The captors had demanded a written statement from the
company assuring them that none of its employees would
enter the gram panchayats of Dhinkia, Gada Kujanga and
Nuagaon to canvass for land acquisition if the captives
were to be released.
Posco had recently started direct negotiations with the
villagers to
buy their land in the area earmarked for them, following
government advice to this effect. The steel major has
been facing resistance from local people on the issue
of land acquisition for its project.
Of
the 4,004 acres land required for the project, 3,566 acres
is government owned while 438 acres are private land.