‘Steel’ing my thunder!

MANAGEMENT GURU

The major driving force that lured POSCO towards Indian soil was an availability of the critical raw material – iron ore. According to the agreement signed between the duo, the government promised the South Korean company mining leases to the tune of 600 million tonnes of iron ore over a period of 30 long years. But the three mining sites that were suggested to be given to POSCO, are all legally challenged by key domestic players – Tata Steel along with two PSUs, namely Kudremukh Iron Ore (KIOCL) & Bhushan Steel. Responding to the petition filed by KIOCL against the Orrisa government, Shashank Patnaik, Spokesperson, POSCO India, exclusively commented to B&E thus, “Prior to us, KIOCL has signed a MoU with Orissa Government (for Khandadhar)... But they failed to fulfill the conditions and hence the government is recommending us for the same...”

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

For More IIPM Article, Visit Below....
Management Guru 's Speak on IIPM
IIPM going global
IIPM Management Guru India, Planman Consulting India
Management Guru 's Message
IIPM : EDITORIAL & RESEARCH
The maverick management guru
IIPM Alliances
IIPM Academics : Curriculum
On "IIPM - Arindam Chaudhuri - Planman"

Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)