POSCO project may take off in 5 months

the much delayed South Korean major Posco's rs 54000 crore steel project in orissa could get off the ground in the next four five months with land acquisition and all regulatory approvals in place by then, steel minister Virbhadra Singh said on monday.
"we are in constant touch with the orissa govt. Prime minister also intervened. we will see that the things get expediated as the project is of great national importance," mr singh told reporters after an eight member posco team headed by the company's chairman and global head Joon-Yang Chung called on him.