Posco`s port project clears environment objections
21 May 2007
The clearance has been issued by the union ministry of environment and forest for construction of the port, which has been facing opposition from various quarters on environmental ground.
Soung-Sik Cho, chairman-cum-managing director, Posco-India Ltd, had recently said that the company would require the port as it was a "basic need" for the 12-MTPA project along with captive mines.
"These (port and mine) are basic needs without which you cannot survive in global business," he had said.
Opposition
political parties and environment groups had objected
to Posco-India''s plan to have a captive port at the mouth
of the Jatadhari creek, about 12km south of Paradip port,
saying it might harm the existing major port nearby.
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