You are here: Home » PTI Stories » National » News
Business Standard

Land problem responsible for non-implementation of Posco

Press Trust of India  |  Bhubaneswar 

Union Minister of Steel Birendra Singh today said land problem was the one of the major factors for which the country's biggest - the Rs 52,000 crore Posco project could not be implemented in

The minister also indicated that government's opposition to the government's bid to amend the Land Act, 2013, added to Posco's woes.

"Land was a problem for the project. When Modiji govenrment came to power in 2014 it wanted to amend the Land Acquisition legislation of 2013. This could have speeded up land acquisition process. I was the minister who piloted the amendment bill. But that was opposed by the state government," Singh told reporters while replying to questions on non-implementation of Posco project.

The minister said that the govenrment had to withdraw the amendment bill as it did not have adequate strength in

"And ultimately now if we talk of land acquisition, it is a state subject according to the concurrent list. The state should have speeded up land acquisition," he said.

The state government, however, blames the Centre's MMDR (Amendment) Act for which the Posco project could not be implemneted.

As the new MMDR Act made it mandatory for all to come through the auction route to get mining linkage, Posco prefered not to proceed further, an official in the state steel and mines department said.

Though Posco has not officially announced its withdrawal from the project, the South Korean steel major has already returned land to the state it had taken for setting up its proposed 12 mtpa mega steel facility near Paradip.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 16 2017. 20:48 IST