Karnataka and Posco officials meet this week

Written by fe Bureau | Bangalore | Updated: Jul 18 2011, 09:53am hrs
The Karnataka government is set to engage South Korean steel maker Posco in discussions early this week over its proposed steel plant in the state that has now been stalled. The process of acquiring 3,382 acre for the plant in Karnataka's Gadag district had been halted by chief minister BS Yeddyurappa last week under pressure from protests by farmers unwilling to sell their land and religious seers.

The government will watch the situation in Gadag for another week, industries minister Murugesh Nirani said, adding that he would meet senior officials from Posco on Wednesday.

In case the people do not agree, we will offer Posco land in Bagalkot, Bijapur, Raichur or Yadgir, he said. He added that several other land holders in the vicinity of the notified land have said that they were ready to sell their land.