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Failure of mega steel projects.
Posted Date:
02-Jun-2010
Category:
General
Rating:
Author:
Prateesh Purohit
Member Level:
Silver
Points
: 6 (
Rs
3)
The mega steel projects are barred due to protests against land acquisition.
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The steel projects proposed by giant companies like ArcelorMittal India,Sterlite iron etc has not been able to achieve the bragged success to the State Govt.
Except for few steel projects , the rest are falling behind in the setting up their factories and production
limits due to heavy protests by the local people due to their loss of lands , The land acquisition problems has barred many companies to get the required amount of land for the smooth progress of their projects, due to which the profits
and investments are heavily sunk in the state.
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