S Korean trade ministry to raise Posco issue with Sharma

New Delhi: South Korean trade minister Kim Jong-hoon is likely to seek clearances for the much delayed Posco steel project in Orissa, when he meets his counterpart Anand Sharma here on Thursday.

"The ministers will discuss wide ranging issues that include fast-tracking of South Korean Posco steel project," an official in the commerce ministry told PTI.

The $12-billion Posco project of South Korea, the largest foreign investment project in India, has got stuck due to environmental issues.

The environment ministry has put the project, which seeks diversion of 1253.225 hectares of forest land for establishment of integrated steel plant and captive port in Jagatsinghpur district in Orissa, under scanner citing alleged green law violations.

Besides, the two ministers may also discuss issues like facilitation of visa, further upgradation of trade pact, possibility of opening Korean bank branches in India and progress in WTO talks, the official said.

These issues are likely to figure during Mr Sharma's meeting with Mr Jong-hoon on 20th January.

The two leaders are meeting to review the bilateral comprehensive trade pact, which was operationalised a year back.

The official also said that a joint statement would be issued after the review meeting.

After the implementation of India-South Korea Comprehensive Economic Partnership Agreement (CEPA) in January 2010, trade between the two countries went up by 45% to $15.6 billion during January-November 2010.

Under CEPA, tariffs are being reduced or eliminated on the maximum number of tradable goods between the two nations.

Yesterday, finance minister Pranab Mukherjee after meeting with his South Korean counterpart Yoon Jeung-hyun said that two-way trade between the countries will double to $30 billion by 2014.

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Biswa Sarma

5 days ago

Sir actually i submitted the every document in SBI khalipara branch becoz i request to give lone amount but i am very unhappy more than 25 day goes i donot give my lone amount.

3i Infotech partners with Manipal Health Enterprises

3i Infotech, a global provider of IT solutions, said that it has won a contract from Manipal Health Enterprises Pvt Ltd (MHEPL), to provide end-to-end IT infrastructure solutions. The project will be implemented in three phases over five years. No financial details were provided.

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6 days ago

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Mithun Chakraborty

6 days ago

dear sir on 21 january 2017 at bongaigaon lower assam hospital i want to withdraw rupes 2000 from indian overseas bank my first transaction was successful but when again i try to withdraw rupes 2000 the amount was not come from atm but my 2000 deducted from my account sir with out wasting time i have complain to sbi customer care executive they told me that with in 7 working days my complain will be solved but in 6 feb my complain has been closed it is mentioned that necessary documents has been sent to my native place in sbi branch i.e explaining that the transaction was successful i have got the money and again i have complain to sbi customer again i repeated that my first 2000 rupes transaction was successful but my second attempt to withdraw was unsuccessful so sir plz do tje needful with thanks and regards from mithun chakraborty

Juwel Rana

2 months ago

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Opto Circuits Q3 net profit at Rs56.22 crore

Opto Circuits (India) Ltd reported standalone net profit of Rs56.22 crore for the quarter ended 31 December 2010 compared to Rs35.63 crore in the corresponding quarter a year ago. Total Income increased to Rs164.71 crore from Rs110.57 crore from a year ago, the company said in a statement.

On Tuesday, Opto Circuits ended 10.55% up at Rs249.40 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.11% up at 19,092.05 points.
 

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