With land acquisition for the proposed 8-million-tonne-per-annum (MTPA) steel complex of South Korean company Posco nearing completion near Paradip, the State-run Idco authorities have asked Posco to finalise its Corporate Social Responsibility (CSR) plans at the earliest.
According to sources, top Posco bosses will meet the Idco authorities soon to chalk out an action plan for taking their steel plant project forward.
Notably, till date, 1,703 acres of land has already been handed over to Posco and acquisition of 850 acres at Gobindpur village is nearing completion. After completion of land acquisition, the Posco authorities will have 2,553 acres of land at their disposal.Idco CMD Vishal Dev has asked the company to scale up its peripheral development works in the areas where the project is coming up.
According to sources, Posco-India CMD Yoon Yong Won along with the top brass of the company will meet top officials of the Idco during the week for finalisation of the company’s CSR activities.
The CSR Initiatives include periphery development work, setting up of rehabilitation colonies, building roads and bridges, erection of protection wall, taking up massive plantation and other developmental activities.
During the Posco-India CMD’s meeting with Chief Minister Naveen Patnaik on June 7, the former had made commitment on behalf of his company to sort out the issues pending so as to pave the way for smooth scaling up of the project work, said official sources.
According to sources, the State Government expects the Posco authorities to spend at least Rs 200 crore in these villages towards peripheral development to win the hearts of the affected people.
With Jagatsinghpur district administration taking up the land acquisition process sincerely, Posco would have to reciprocate accordingly, said a senior Government official.The shape of the CSR plan would take a final shape after the high-level meeting, which is slated to take place during this week, said the official.