Posco-India's project: a litmus test for investment & free trade in India

摘要

Posco, the Korean steel giant and the world's fourth biggest producer shifting its focus from other parts of the world to India for its giant investment has gathered immense attention. How could a company like Posco, a world class steel producer with most efficient operating margins think of investing in India and particularly Orissa? To this, experts say, beyond any doubt its India's vast ore resources and its huge market with easy access to raw materials are the obvious reasons. Today the major concern with all the steel producers across the globe is the soaring input prices, resulting in high cost of production. The prime concern is to keep a check on that and as India serves to be low-cost producer of steel, companies abroad are looking forward to the opportunities to invest in India.