STOCK MARKET BSE NSE

Don’t let Posco go away: BSY

Karnataka Janata Party leader urged Siddaramaiah to speak to the authorities of Posco, which has shelved its proposal to set up a steel plant in the state, following delay in allotment of land.

Published: 18th July 2013 07:40 AM  |   Last Updated: 18th July 2013 08:12 AM   |  A+A-

yeddyurappa_PTI2

Former Chief Minister and Karnataka Janata Party (KJP) Floor Leader in the Legislative Assembly B S Yeddyurappa urged Chief Minister Siddaramaiah to speak to the authorities of Posco, a South Korea based company, which has shelved its proposal to set up a steel plant in the state, following delay in allotment of land.

Participating in a debate on the Budget, he said the previous BJP government had held the Global Investors’ Meet in Bangalore and had attracted investment worth crores of rupees.

Posco is one of the major steel giants of the world and it selected Karnataka to set up a mega steel plant which would have generated a lot of employment.

However, the government delayed the handing over of more than 3,000 acres of land in Gadag district and it forced the company to shelve its project, he noted.

Yeddyurappa said it would send a wrong signal to prospective investors and this may affect industrial growth in the State.

He said Chief Minister Siddaramaiah should initiate a dialogue with the company authorities and convince them to reconsider their decision.

“Karnataka is in need of value added steel companies as it helps in industrial growth of the State,” he said.

He wanted the State government to extend the Anna Bhagya scheme to the Above Poverty Line (APL) card holders too.

Most of the Above Poverty Line card holders fall under middle-class income category and they could be given rice at least at Rs10 per kg.

The price of rice has crossed Rs 50 per kg in open market and they are facing hardships, he explained.

The KJP leader, while appreciating the State government for implementing the scheme, sought to the stock of rice for the coming months.

The government intends to buy rice at Rs 22.60 per kg from the Chhattisgarh government when rice mill owners are ready to sell at Rs 19 per kg here.

If the rice is available at cheaper rates here, why the government should buy it from another state, he questioned.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp