POSCO India: A Case Study

The article will discuss about the various factors and the standard of growth and development of various states from the first five year plan to present. With the ease in the regulations and the licensing to set up industries it acts as stepping stones for the states and the country to achieve development.  With the investment of such an amount in one of the backward states would have helped in boosting the SGDP and improve the growth and development of Odisha. The state government with changing its policies allowed setting up the various industries to generate employment and improve the living standard of the people.  The setting up of POSCO was boon as well as ban for the state. The project will mainly focus on the impact of the project on local inhabitants. With the land acquisition they are being alienated from their land that directly affects the livelihood of these people.  Other important aspect of the project will be the impact of POSCO on environment as the setting up of the Industry had clearing 2958 acres of forest land on which 471 families are directly or indirectly dependent on these forests. The growth of any state or a country is a sense of pride for any citizen or the people but it should not be on the cost of the environment and its people. The study will include the perspective of people supporting and opposing the project. The project would help in understanding the challenges faced by the government and administration from various sects of the society in starting of POSCO.

Keywords:
Law, Posco, Odisha