Due to the growing global demand for steel, Orissa, renowned for its substantial reserves of untapped iron ore within the country, is emerging as a significant investment hub. Recognizing the unparalleled demand for iron ore, the State government aims to seize this opportunity and has forged strategic alliances by signing Memorandums of Understanding (MoUs) with both international and domestic steel manufacturers.

Who among the following was not in favor of opening an Industry in Orissa (POSCO plant)?

Tribal population

The tribal population feared that the setting up of industries would mean displacement from their home and livelihood and were not in favour of setting up of POSCO plant.

As the global demand for steel increased, the state of Orrisa was seen as an important investment destination due to the largest reserves of untapped iron ore in the country. A'Memorandum of Understanding' was signed between the Orrisa government and both international and domestic steel makers.

The major aim of ‘Mou’ was to bring in necessary capital investment and provide a lot of employment opportunities.

The iron ore resources lied in some of the most underdeveloped and predominantly tribal districts of the state.

Different people had different concerns regarding the setting up of Industry in the region:

i.The tribal population feared that the setting up of industries would mean displacement from their home and livelihood.

ii.The environmentalists feared that mining and industry would pollute the environment.

iii.The central government felt that if the industry was not allowed it would set a bad example and discourage investments in the country.