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

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.