Jairam grants final approval for Posco

Ramesh,who gave the clearance to the company in January on certain conditions including ensuring of tribal rights and compensatory afforestation,said,8221;Posco would also bear the cost of regeneration of an equivalent amount of open,degraded land in a district to be determined and indicated by the state Government.8221;

Observing that the MoU signed between Orissa Government and Posco in 2005 had expired last year and 8220;has yet to be renewed,8221; the Minister said,8221;I would expect that the revised MoU between the state and Posco would be negotiated in such a manner that exports of the raw material are completely avoided.8221;

He said the expired MoU had provisions for the export of iron ore 8220;which made me deeply uncomfortable with this project.8221;