Orissa Govt, POSCO have misled the public: MZPSG
A team of US-based researchers have released a report on Wednesday claiming that the POSCO project in Orissa is fundamentally flawed and economically unviable.
A TEAM of US-based researchers have released a report on Wednesday claiming that the POSCO project in Orissa is fundamentally flawed and economically unviable, and that the company and the government of Orissa have deliberately misled the public by putting forth false data and numbers. It argues that apart from violations of law and procedure, the POSCO project has been justified based upon deeply flawed numbers with benefits exaggerated and costs purposefully minimised. “This sorcery of flawed numbers has been perpetrated on the country by the Government of Orissa, POSCO and the National Council for Applied Economic Research (NCAER),” said Dr. Girish Agrawal, a California-based lawyer and civil engineer experienced in large infrastructure projects, who is a member of MZPSG and one of the authors of the report the primary findings of the report include:
1.) The existence of a thriving agrarian economy that the Government of Orissa has refused to acknowledge in Coastal Jagatsinghpur with average annual net yields of over Rs. 40,000 per decimal of land (100 decimals = 1 acre) per year in sharp contrast to the paltry Rs. 11,500 per decimal being offered as one time compensation by the GoO/POSCO.
2.) Gross exaggeration of employment benefits, EIRR and tax revenues by the Orissa, POSCO and NCAER.
3.) Deliberate and systematic procedural violations for environmental and socio-economic impact assessment by both the government of Orissa and POSCO.
4.) Failure to conduct a socio-economic study that would measure the impact of 22,000 people being displaced and more than 50,000 people being affected by the project in coastal Jagatsinghpur and Khandadhar hills.
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