Posco plant to come up in Orissa: Patnaik

'Posco is India's biggest FDI & the state govt is working hard to facilitate it in setting up the project.'

NEW DELHI: Orissa Chief Minister Navin Patnaik on Wednesday exuded confidence that Korean steel giant Posco will set up the 12 million tonne steel plant in the coastal state saying his government was working hard to fructify the project.

"Posco is the biggest ever FDI in the country and the state government is working hard to facilitate it in setting up the project. We are trying to ensure land availability for the project," Patnaik said here.

He said the project would definitely fructify in due course of time. He, however, refused to spell out as to how fast would the hurdles be removed to enable the Korean steel giant set up the mega integrated steel project.

Earlier Patnaik met Steel Minister Ram Vilas Paswan and discussed the issues pertaining to the renewal of mining leases of SAIL, Rashtriya Ispat Nigam Limited (RINL) and National Mineral Development Corporation (NMDC).

Paswan asked the Chief Minister to consider the eight existing mining lease applications besides four other such applications, a Steel Ministry official said.

Patnaik also sought Paswan's help for setting up a Petrochemical and Petroleum Investment Region (PCPIR) near port city of Paradip in Jagatsinghpur district of the state.
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Paswan assured all possible help in reviving the National Fertiliser Limited (NFL) plant at Talcher.

The Chief Minister also met Union Minister for Road Transport and Highways T R Baalu and sought assistance on maintaining the state's highways.
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