Posco-India seeks further extension of its SEZ validity

Image
Press Trust of India Bhubaneswar
Last Updated : Jan 25 2013 | 5:33 AM IST

"....We are afraid that we may not be able to secure the minimum required land within the validity of the existing aproval, that is October 25, 2012. Therefore, we would like to apply for in-principle approval one more time," Posco-India Chairman-cum-Managing Director Yoon, Won-Yong wrote to the state government.

The South Korean steel major has requested the state government to invoke Rule 4 of the SEZ Rules-2006 which requires the concerned state to

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 22 2012 | 5:25 PM IST

Next Story