POSCO denies reports of plans to shift steel project site

POSCO-India has no plans to shift the doller 12 billion steel project from Orissa, said company's Chairman Dong He Lee, on Wednesday. He said this at a meeting in Bhubaneswar with the Orissa chief minister Naveen Patnaik. Lee said the company would start the construction very soon. The project is India's largest foreign direct investment.