Facing resistance from people who are likely to get displaced by its mega steel project near Paradip, South Korean steel major Posco is looking at "other options"."There are other options," Posco-India chairman and MD, Soung-Sik Cho said when asked about the company's future course of action if they failed to get the land.
Cho, who had a brief meeting with state Chief Minister Naveen Patnaik at the secretariat last night, however, did not elaborate on options the company is looking at.
The Posco-India CMD said the company had already started a dialogue with people of the area for acquisition of land and "there are positive signs".
Cho added that his company would never favour any move to acquire land by force. "We don't want use of force by the state government for land," he said.
Posco's is the biggest ever foreign direct investment proposed in India as the 12 million tonne project would require an investment of Rs 52,000 crore (Rs 520 billion).
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