Welcome to POSCO-India

POSCO-India's drive to scale up local employment opportunities

Vocational Training, Batch II commences on Jan 4
Land preparation for Training Center in full swing
On-going topographic survey by local volunteers

Bhubaneswar , Jan 4, 2007: POSCO-India, the Indian subsidiary of POSCO, the 3 rd largest steel producer in the world, has launched various sincere initiatives to expand employment opportunities for people in its proposed area.

To start with, the second batch of POSCO-India's vocational training commenced on Jan 4, 2007. The opening ceremony was held on the same day at DRIET I.T.C, Jagatsinghpur, where 23 trainees in the age group of 18~30 years will undergo six months training in house wiring and electrician jobs. The ceremony was presided by Shri R.C.Rath, Additional Director Technical Education & Training, Government of Orissa, and was attended by senior officials of POSCO-India.

Along with theory and practical session the trainees will undergo periodical tests to enhance their aptitude. The entire lodging and training cost is borne by POSCO-India. 34 trainees of the first batch are already undergoing their six month training from December 7, 2006. On completion of the training they will be equipped with necessary skills and knowledge for the construction, enhancing their employability.

Meanwhile, the ground preparation for the Training Center in Sandhakuda, Jagatsinghpur started in full swing on Dec 26 and the entire construction is expected to be over by Nov 2007. 400 jobs will be generated during the construction works for which locals will be given preference. It intends to provide high quality training in various disciplines not only to POSCO-India employees but also to the locals leading to better employment opportunities.

Besides, the topographic survey of the proposed area has already begun with help of 232 local volunteers. This survey is expected to conclude by January end following which socio-economic survey will be carried out in the area with the help of a local NGO and volunteers. Simultaneously the company is also planning to take education and health related village-friendly programmes forward in participation with locals.

Speaking on the occasion, Mr. Soung-Sik Cho said "POSCO-India upholds corporate sustainable management and expects the locals to be a part of the project at all levels. We hope to enhance the local human resource in the area and sincerely believe that locals will contribute for the steel plant construction with their able hands."

About POSCO-India

POSCO-India Private Limited is a subsidiary of POSCO, the world's No. 3 steel producer and one of the most competitive steel companies. POSCO signed a Memorandum of Understanding (MoU) with the Government of Orissa in June 2005, to set up a 12-mtpa green field steel plant near Paradeep, Jagatsinghpur District, Orissa, with an estimated investment of USD12 billion. The company will build a 4 million tonne capacity steel plant in Orissa, during the first phase of its project between 2007 and 2010 and expand the final production volume to 12 million tonnes. POSCO-India Pvt. Ltd. was incorporated on 25th August 2005 with the Registrar of Companies, Orissa, under the Companies Act 1956.