Following is an excerpt from a report in Pragativadi.

… the new Director of Posco-India, Yong Keun Kim, is however, optimistic about his plans for downstream industries.

… His recent meeting with IPICOL managing director, Ashok K Meena, has unfolded the road map of Posco on downstream and ancillary industries.

Talking to reporters here on Tuesday, he said that Posco’s greenfield project near Paradip would create enormous opportunities for developing ancillary and downstream units close to the steel plant.

Some of the units that are likely to come up, include automobiles, shipbuilding, fishing vessel, heavy fabrication and downstream heat and coil processing, reveals the document.

There is a vast scope of indirect employment opportunity once the ancillary industries are set up in the area, the document says.

Posco has requested the state government for a piece of land near Paradip to set up the facilities.

A detailed project report (DPR) is being prepared by the company, in which investors from South Korea would join for setting up downstream and ancillary projects.