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Tripartite meet on Posco project on August 25: Minister

By Naresh Kumar Aug 23, 2015 #Featured
After talks with PMO, Odisha may offer JV with OMC to salvage Psoco's $12 bn project. AMF NEWSAfter talks with PMO, Odisha may offer JV with OMC to salvage Psoco's $12 bn project. AMF NEWS
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Odisha Steel and Mines Minister Shri .Prafulla Kumar Mallick said on Saturday that the State government wants to know Posco’s approach towards the Jagatsinghpur project, adding that the State is ready to provide  the South Korean steel company long-term supply linkage for the project.

The much-awaited tripartite meeting on the country’s biggest FDI project proposed by Posco is scheduled to be held in New Delhi on August 25, Mallick said.

Tripartite meet on Posco project on August 25: Minister. AMF NEWS
Tripartite meet on Posco project on August 25: Minister. AMF NEWS

“The tripartite meeting involving the central government, government of Odisha and Posco representatives will be held in New Delhi on Tuesday (August 25),” Mallick told reporters here.

The Cabinet Secretary, Secretary of Steel and Mines Ministry and Posco representatives will attend the meeting.

Odisha will be represented by its Chief Secretary and the Steel and Mines Secretary.

The meeting follows Union Steel and Mines Minister Narendra Singh Tomar’s clarification that the South Korean steel major will have to participate in open bidding for its raw material linkage as per the MMDR Act, 2015.

Odisha Chief Minister Shri.Naveen Patnaik had held a review meeting about Posco s proposed greenfield project on August 20.

The steel giant has meanwhile announced its plan to put the Odisha project on hold.

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