POSCO: Villagers Demand 5% of Share in Company’s Profits
Some people in Orissa’s Jagatsinghpur district, in a complete turnaround from their earlier stand, agreed to give up land for the POSCO steel plant on January 5, but with conditions. They have asked for a 5 per cent share in the profits of the company, among other demands.
In another development, the Central Empowered Committee, which advises the supreme court on forest-related cases, recommended that mines, steel plant and captive port— POSCO‘s proposed projects—should be considered as one and reviewed in entirety for its ecological significance and rehabilitation plans rather than as three different projects. POSCO filed an affidavit in the apex court on January 4, contesting the recommendations and asking for separate clearances for its three “separate’ projects. The case will come up for hearing in the third week of January. Continue reading »
Filed under Agriculture, Livelihood, News | Tags: compensation, Conflicts, Displacement, India, Iron And Steel Industry, Land Ownership, Land Resources, Mining, Orissa, Ports, Supreme Court | Comment (0)