Posco-India seeks further extension of its SEZ validity

"....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