Due to the ‘failed’ SEZ policy, serious doubts has been raised over the smooth running of the other SEZ projects in different states. Posco is facing the same problems and people hve resisted on the question of displacement because of its mega steel project near Paradip.

Now according to the report, Posco is looking at other options as to shift its plant from Paradip or talking to people of the region. Posco’s project of Rs 52,000 crore is the biggest-ever foreign direct investment proposed in India.

Posco-India Chairman-cum- Managing Director Soung-Sik Cho said that there are other options and company would go for those options if the state government has failed to provide lands for the plant. The government is still not able to enter the area though some portion of the estimated 4,000 acre required for the project.

Earlier, Cho had met with Orissa Chief Minister Naveen Patnaik on Tuesday night but he opted not to disclose the detail to media. To counter the land-acquisition problem, the company has decided to hold talks with the people of that region and CMD has indicated that some positive signs are coming.

Cho said further that there is no question to acquire the land by the use of force. The company doesn’t want use of force by the state government for land at any cost.

According to a previous report, Posco was planning to shift its focus to Vietnam. It had proposed to establish a $1 billion steel plant at Ba Ria-Vung Tau in August 2006.

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