Decision on POSCO Orissa steel mill on Jan 31 - Ramesh

NEW DELHI Mon Jan 24, 2011 2:39pm IST

Environment Minister Jairam Ramesh gives a speech during a session in Cancun, December 8, 2010. REUTERS/Henry Romero

Environment Minister Jairam Ramesh gives a speech during a session in Cancun, December 8, 2010.

Credit: Reuters/Henry Romero

Related Topics

NEW DELHI (Reuters) - The government will on Jan. 31 take a decision on granting green clearances for South Korean POSCO's $12 billion steel mill, the environment minister said, a case seen as a test of the country's business climate.

An approval, if given, would be the latest in a series of moves indicating a softening by the environment ministry, whose aggressive stance on enforcing rules has had several corporations worried about their investments.

Sources had told Reuters the government was likely to approve the mill in Orissa, which has been delayed by environmental issues and protests by local residents.

A government panel had earlier said there were no ecological concerns over the plant and the final decision was with Environment Minister Jairam Ramesh.

"It will be on Jan. 31," Ramesh told Reuters when asked when the decision would be taken. He did not elaborate.

Posco is among several corporations, including Vedanta Resources, which have come under scrutiny from Ramesh, putting his ministry in conflict with others in the government who are pushing for rapid industrialisation.

In October, Ramesh threw out plans by London-listed Vedanta to expand its alumina refinery over green worries, but this week Ramesh said he was willing to conditionally reconsider Vedanta's expansion plan.

That remark came soon after the ministry said it could consider approving Hindustan Construction Co's Lavasa housing project on certain conditions.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Kerry in India

REUTERS SHOWCASE

Deadly Landslide

Deadly Landslide

Landslide near Pune kills 10, scores feared trapped.  Full Article 

Fed Policy

Fed Policy

Fed presses forward with bond buying, cites uptick in inflation.  Full Article 

Big Infra Deal

Big Infra Deal

Piramal, Dutch APG tie up for $1 bln infra investment  Full Article 

E-Commerce

E-Commerce

Amazon says to invest $2 billion more in India   Full Article 

Lupin Results

Lupin Results

Q1 net profit up 56 percent on higher U.S. drug sales   Full Article 

Smuggling Gold

Smuggling Gold

Air India staff found smuggling gold  Full Article 

Economy Reboots

Economy Reboots

U.S. economy back on track with strong second-quarter rebound .  Full Article 

Auto Sector

Auto Sector

VW closes in on Toyota as global auto leader  Full Article 

Expanding Reach

Expanding Reach

Tata to invest $35 bln over 3 years, focus on new businesses   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage