Unfazed by Posco's move of suspending its plan to set up a Rs 52,000-crore steel plant in Odisha, the state government said a project "with huge investment" is expected as many big companies are showing interest in the land allotted to the Korean steel major.
In March, Posco-India requested the Odisha government to take back its 2,700 acres of land provided at Paradip in Jagatsingpur district for setting up a 12 MTPA steel project.
Consequently, the Odisha government sent a letter to Posco-India informing the land allotted to "it has been cancelled as the land was not utilised even three years after the allotment".
The government, at present, expects to allot it to suitable players.
In an interview to
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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