Posco threatens to shift out of Orissa if problems persist: report
23 Oct 2007
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.
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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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