The issue on Monday figured in a bilateral meeting held in Agra between Commerce and Industry Minister Anand Sharma and visiting South Korean Minister of Knowledge Economy Sukwoo Hong, in which the Korean side raised the issue of delays in Posco project clearance, an official statement said.
"We have been concerned about the delays and will be conducting a review. Prime Minister (Manmohan Singh) himself has been monitoring this project," the statement quoted Sharma as saying to the South Korean Minister during the meeting. It added that the South Korean side emphasised the importance of the project for enhancing economic ties between the two countries.
However, no time line for the review was given in the statement.
In June, 2005, POSCO had announced to set up a 12 million tonnes per annum steel plant in Odisha's Jagatsingpur.
However, land for the project has not yet been fully acquired due to opposition from the local people.
According to POSCO India's website, the project has now been divided into three phases of 4
Etihad delegation to meet Anand Sharma soon
Odisha clears Cuttack WC matches with Pak players
Khawaja working in earnest to deal with spin on India tour
Smith to lead South Africa for a record 100th Test
RINL plans to raise capacity to 20 mtpa by 2022-23