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Bhubaneswar (Orissa) : Unable to fight back local resistance, South Korean steel maker Posco has sought help of Orissa Government in land acquisition process for it USD 12 billion steel plant near Paradip Port.
A POSCO delegation met officials to help it in acquiring 4,004 acres of land after villagers rejected a rehabilitation package announced by the company.
"We have discussed the issue," said Priyabrata Pattnaik, chairman of state-owned Industrial Infrastructure Development Corporation of Orissa.
The steel major has announced a compensation of Rs.7,000 per acre for the loss of land meant for betel vines, Rs.1 lakh per acre for prawn farms and Rs.75,000 per acre for cultivable land. But the package failed to enthuse the locals.
The project has been delayed for over two years due to various reasons, including problem over land acquisition.
Thousands of people have been protesting the project, saying it will displace them and ruin their betel-leaf farms.
Posco and the government maintain the project will bring revenue and employment to the state.
