Friday, October 27, 2006

Posco throws crumbs at people of orissa in PR drive as it readies to swoop down to loot their mineral wealth

Posco throws crumbs at people of orissa before it swoops down
to loot their resources.

POSCO is a transnational steel company, which intends to set
up a 12 million tonne steel plant in India at a capital cost of
around $ 12 billion.

This loot is being facilitated by Orissa goverment and as usual
the people of orrisa will be left with nothing more than mining
dust in their faces and plates.

To read about the Natural Resource Implications of the POSCO deal

----Click here----

This is nothing more than a publicity gimmick that we have seen
corporations indulge from time to time.

Posco befriends pupils, thereby people

Statesman News Service

BHUBANESWAR, Oct. 26: It was a proud moment for 35 students of Utkal University, Biju Patnaik University of Technology and Kalinga Institute of Industrial Technology today as they received the scholarships from the Posco TJ Park Foundation, South Korea.

Befitting the occasion, vice-chancellors of the three varsities were present along with representatives of the Foundation, CMD Posco-India Mr Soung-Sik Cho, chief secretary of Orissa Dr Subas Pani and a host of state government officers.

While Dr Pani and other officers spoke on the efforts of Posco-India and did refer to problems relating to land acquisition being faced by the company, the VCs elaborated on research and HRD of Posco which is acknowledged worldwide.

Mr Soung-Sik Cho said this was part of the long term commitment of Posco to the people of Orissa. Emphasising human resource development, education and research, he said South Korea did not have any natural resource as such and therefore it had built upon human resource.

Resources are limited, creativity unlimited is the inspiring statement at Pohang steel works. The students will receive an annual grant of $500 which will continue till completion of their course. Posco TJ Park Foundation has already awarded research grant of $10,000 to two scholars from India and one of them is from Utkal University. Five students from India have also been sent to Korea under a fellowship programme of the foundation of whom two are from Utkal university.
Another photograph on Page III


  1. A great social initiative on the part of POSCO, providing scholarships and training people and end of it giving them cant ask for anything better

  2. In this cynical world there are few who appreciate the noble initiatives takes by large companies like POSCO..Let us stand up and take note of their contribution to Orissa rather than throwing mud in their face..

  3. Talk about being paisa wise and rupee foolish !

    Yes we should all applaud POSCO because while they loot away our iron resources at throwaway prices worth tens of thousands of crores they have still provided measely scholarships in their publicity drive

    Thanks to citizens like you India being sold at 50 % discount to capitalist roaders.


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