Centre talking to states on ArcelorMittal,Posco projects

Union Steel Minister Virbhadra Singh said that the Centre is in talks with the Jharkhand and Orissa govt to facilitate projects of steel giants.

Union Steel Minister Virbhadra Singh said on Wednesday that the Centre is in talks with the Jharkhand and Orissa governments to facilitate the multi-billion dollar India projects of global steel giants ArcelorMittal and Posco.

“It (talking) is a continuous process aimed at expediting and facilitating the two projects. We are talking to resolve the issues like land acquisition,mining leases,” Singh said after visiting the ‘Steel Pavilion at the India International Trade Fair in Delhi.

Asked if the government has set a time-frame for these projects to take off,he said,”These are greenfield projects. They take more time than the brownfield projects as issues like land acquisition,evacuation,rehabilitation,mining leases exist. Currently,we wish to expedite it.”

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Greenfield projects are the ones which are started from the scratch,while in case of brownfield,the company augments the capacity of the existing unit.

The projects of ArcelorMittal and Posco are facing the twin challenges of land acquisition and regulatory clearances. The L N Mittal-led firm has threatened to quit the existing site between Gumla and Khunti districts of Jharkhand because of tribal protest and “regulatory hurdles.” It is facing similar problems in Keonjhar,Orissa.

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