POSCO India Private Limited (commonly POSCO India or Posco-India) is an Indian subsidiary of Korean conglomerate POSCO.
Its parent company POSCO signed a memorandum of understanding in June 2005 with the state government of Odisha to construct a $12 billion steel plant. Various regulatory delays and controversies prevented the company from starting construction. The memorandum expired in June 2011, and as of April 2012, it has not been renewed. Apart from Odisha, POSCO India has project sites in the Karnataka state.
Famous quotes containing the word india:
“India has 2,000,000 gods, and worships them all. In religion other countries are paupers; India is the only millionaire.”
—Mark Twain [Samuel Langhorne Clemens] (18351910)