It's reported that Korean steel giant Posco has announced to cancel its INR 32,000 crore integrated steel plant project in Karnataka due to protract delay in acquisition of land and no potential market favor at current position. Meanwhile, there is another reason for political uncertainty in the state according to source reported. Even though Posco has pushed the case further, the state government has showed not interested in proceeding project further.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65298&division=A9
