The Ordeal of Posco Project in Odisha: The Introspection

Author(s) : Dr. Prafulla Kumar Das
ISSN : 0974-497
Year : August 2014 | Volume : 8 | Issue : 3/4

Abstract: It seems that POSCO project at Paradeep of Jagatsinghpur district of Odisha, India would see the light of the day. The project was expected to bring the highest foreign direct investment (FDI) in the history of India. The project was to become operational from 2010. But, owing to certain hurdles like: environmental clearance, resistance from local inhabitants, difficulty in land acquisition, and delay in getting mining lease; POSCO kept on buying time to establish the steel plant. The resistance was so high, the POSCO agreed to reduce the size of the project. The port project of the POSCO was separated from the steel plant project to win environmental clearance. This paper aims to acquaint the future business leaders with the challenges of International Business. The paper examines how a global company tries to control the resources in order to consolidate its business future even if it spelt poor ethics. The article also attempts to suggest some steps so that big projects would be saved without being detrimental to the interest of the country of operation.


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