The object for passing the Order was to strike a balance between development and environmental protection.  Former Andhra Pradesh Chief minister Y. S. Rajasekhara Reddy allotted 10,670 acres (43.2 km2) of land to Brahmani steels at a rate of Rs 18,500 per acre in Kadapa. , Posco India expected to start steel plant construction promptly after signing the 2005 MoU. They provide employment to a large number of people in the state. Three committee members claim that clearances granted in past should have been limited to the scope of the initial environment impact analysis of 2005 for 4 Million Metric Tonne (MMT) plant. The state government is working to ensure further growth of the industry in the state. One village, Dhinkia, however, has remained steadfastly opposed to the project; so much so that the villagers drove out of the village the few families that were favourably inclined towards the project. We have tried to strike a balance in order to subserve the principle of Sustainable Development.". Die Mittal Steel Company N.V. war der weltweit größte Stahlproduzent und ist seit der Fusion mit dem einstigen zweitgrößten Stahlproduzenten Arcelor im Jahr 2007 ein Teil von ArcelorMittal. These policies and initiatives include the following: 1. The company has announced plans to source state of the art steel equipment from China. Key people. On 31 January 2011, the Ministry of Environment and Forests of India gave final clearance to the Posco-India project, subject to the state of Odisha and Posco-India meeting additional conditions. number 2134 of 2007, titled T.N. The committee after examining various social, ecological and environmental issues, returned a split report to the government of India in October 2010: After the government of Odisha and Posco India announced the MoU and its planned location in 2005, the opposition to the POSCO project was widespread in all the eight villages where it was supposed to be sited. Karnataka’s iron and steel industry is one of its main industries. Sahu was the head of Posco Pratirodh Sangram Samiti (PPSS), a Communist Party of India backed organisation, that had been convincing villagers in Odisha and organising opposition to the Posco investment in Odisha.  The Forests Rights Act was published in 2007, and became effective in 2008. According to the MoU of 2005, POSCO agreed to invest in the Jagatsinghpur district of Odisha to establish an integrated plant to manufacture steel, mine iron ore and other ores, as well as the infrastructure necessary for its operation in Odisha. The Ministry of Environment and Forests of India accepted the ruling and examined the facts and reviewed the facts under Indian laws, including the Forests Rights Act. Brahmani steels is reportedly in profit before producing any steel, owing to iron-ore sales from captive mines allotted by the Andhra Pradesh Government.  Various regulatory delays and controversies prevented the company from starting construction.  The review process by Ministry of Environment and Forests of India took over 2.5 years. This memorandum envisions a 6 MMT per year steel plant based on Posco's high efficiency, low environment impact FINEX technology. The MoU listed the following understanding between POSCO and the state of Odisha:, As of June 2012, controversies and regulatory delays have prevented Posco India's Odisha project to proceed beyond the concept.  The state government of Odisha stated that it intends to replace the expired MoU, and sign a new and revised MoU with POSCO. The company is building a 1.7MTPA steel plant in Kadapa district of Andhra Pradesh. Many other additional elements may be present or added. The report also claims:, These claimed benefits are disputed as incomplete. The August 2008 ruling by Supreme Court of India also instructed the Ministry of Environment and Forests (MoEF) of India to examine, and then if appropriate, grant approval under the law. We cannot change leases/MoUs/joint venture agreements signed between the parties at earlier point of time which have been approved by the Ministry of Mines, Government of India, and other Authorities. It plays a big role in the economy of the state. On 8 September 2011 Odisha High Court ruled that land acquisition is in public interest, allowed non-private land acquisition by state government for POSCO India to proceed, and ordered a continued pause on the acquisition of private land till further ruling.  Apart from Odisha, POSCO India has project sites in the Karnataka and Maharashtra states. Later, a four-member Meena Gupta committee was appointed by the Government of India. Meena Gupta, the committee chairperson, acknowledged that the, The other three members of the committee claimed that past. The report claimed mining iron ore and producing steel locally in the state of Odisha is significantly better option for India, over the option of India exporting lower cost iron ore overseas, encouraging other countries to produce the steel, and then India importing the higher cost produced steel. The Meena Gupta committee report claimed political controversy is part of the scene: the Communist Party of India (CPI) strongly opposes the project, the Communist Party of India – Marxist (CPM) is not opposed to the project if it is shifted a little and if Paradeep port is used instead of a separate captive port. , In 2012, POSCO India and Paradip Port Trust studied possibilities for using the existing Paradip Port facilities for steel export from the planned steel mill. , India’s National Council of Applied Economic Research completed and published in January 2007, its report on the social cost benefit analysis of Posco India project. POSCO signed a Memorandum of Understanding (MoU) in June 2005, to incorporate an Indian subsidiary and build a steel plant in Odisha. The report admits that its analysis is based on nominal numbers using 2007 basis, that it assumes constant steel prices at $450 per tonne through the year 2040, and ignores the effect of inflation in steel prices or in Indian economy. The villagers of Dhinkia also started, the report claimed, a blockade of the village to prevent government or POSCO officials from entering the village. The Meena Gupta committee also report claimed the POSCO project is an integrated project encompassing different components like the township, pipeline, road and transportation etc. The state of Karnataka announced that it will not acquire land on a lot-by-lot basis, rather the land acquisition will be on complete consensus, on all-or-none, and will involve simultaneous negotiations at multiple locations in different parts of the state of Karnataka. Bhadravati or Bhadravathi is an industrial city or Steel Town and taluk in the Shivamogga District of Karnataka state, India.It is situated at a distance of about 255 kilometres (158 mi) from the state capital Bengaluru and at about 20 kilometres (12 mi) from the district headquarters, Shivamogga. the project additionally will contribute direct and indirect taxes as the iron ore is mined, steel is produced, the metal is converted into products by Indian economy, and these steel products are consumed in various sectors of Indian economy. List of Iron & Steel Companies in Bangalore / Bengaluru with contact details . These supplies included water, electrical power, drainage and sewerage, licenses and permits to obtain coal and iron ore, rail links, and a highway road connection. On 8 August 2008, the Supreme Court ruled in favour of the state of Odisha, in Case Law I.A. India's Supreme Court examined the facts related to the state government of Odisha's initiatives to enter into MoU to encourage economic growth in the state, and whether such development meets the intent of ecological and environmental laws of India. Godavaraman Thirumulpad vs. Union of India, State of Odisha and others. These, the committee claimed, have been left out of the scope of its initial environment impact analysis. sought a clarification from Posco India and the government of Odisha. The state agreed to acquire and provide three land parcels to POSCO: about 25 acres (10 ha) of land in. In October 2010, Posco India issued a press release in response to media coverage of Meena Gupta Committee report.