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This Article is From Oct 01, 2013

United Nations experts urge POSCO to halt steel plant in India

New Delhi: A UN panel of experts is urging South Korean steel giant POSCO to suspend plans for a $12 billion steel plant in Odisha over human rights concerns.

The call by the UN experts follows a June report by rights groups saying tens of thousands of people were being threatened by illegal land seizures in the state of Odisha.

The project, one of India's biggest foreign investments, has been mired for eight years by legal hurdles and sustained protests. As India's economy has slowed, however, some legal hurdles have been cleared in recent months, allowing the company to obtain a license to explore for iron ore.

In August, POSCO said it was "deeply anguished" that the June report had subjected the project to "fallacious criticism, distorted facts and erroneous interpretation."

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