Posco, 16 others seeks more time for SEZ projects

An inter-ministerial Board of Approval (BoA), chaired by Commerce Secretary Rahul Khullar, will consider the request from Posco's subsidiary Posco India on November 28, according to the papers circulated among different stakeholders.

The company had received in-principle approval from the BoA for setting up the Special Economic Zone (SEZ) at Jagatsinghpur. The in-principle clearance was valid till last month

"The developer has requested for extending the validity further stating that Government of Orissa has leased 245.78 hectares (Ha) of land. Environment Ministry on May 2, has accorded approval to Government of Orissa for diversion of 1,253 Ha of forest land. The forest land is likely to be leased by December, 2011," the papers said.

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