It is curtains for what was often pitched as the single largest foreign direct investment in India, the South Korea-based Pohang Steel Company's (POSCO) integrated steel plant in India that never came to fruition. In Rajya Sabha, on 4th May 2016, the then Steel and Mines Minister Mr. Narendra Singh Tomar said the government of India had no information on POSCO matter.
The raw material scarcity and the present crisis that Vedanta is facing has been created by the company itself. It had all the right cards on its side. The State government was eager to please such a large and influential investor. The company had the knowledge of making its way the Indian bureaucratic maze.
Odisha Mining Corporation (OMC) has appealed in the Supreme Court to reorganize the Gram Sabha in Niyamgiri so that it along with Vedanta Resources can mine the sacred Niyamagiri hills by getting the Dongria Kondhs on their side.
Ajay Ghosh was agreed with the views of Dange but not with his action, saying that neither the map nor the old materials are important. What is important is the struggle in India and world. Ajay Ghosh expressed his dissent in influential manner and asked what they Chinese communists are doing what help can be expected?