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Posco backs out of US$12b India project
Steel complex venture stalled by local disputes, lease issues
Published Fri, Mar 27, 2015 · 09:50 PM
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Delhi
POSCO is backing away from a planned US$12 billion steel complex in India, which has been stalled by local disputes and lease issues since it was proposed a decade ago, people familiar with the development have said.
South Korea's biggest steelmaker has tried to get back the money that it gave to government agencies in the eastern…
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