POSCO’s investment in India delayed by India federal government

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Publish time: 15th May, 2013      Source: ChinaCCM
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It's reported that Indian government will decide if Posco can have preferential access to an iron ore mine for its planned US$12 billion steel plant.

For this investment, Posco have been waiting for eight years to get the permitted license to start work.

Meanwhile, Posco has already raised its investment in other countries as Indonesia to make up for the slow progress in India.