POSCO-India’s vocational training and job creation for the locals on the move
The 1st batch of youth from site area joined the vocational training
Locals to be absorbed for construction work
The Company’s endeavour to build steel plant together with the locals continues
Bhubaneswar, December 7, 2006: POSCO-India’s vocational training programme has recently taken off with the 1st batch of 33 candidates at Jagatsinghpur, Joining the fray.
The first batch of 33 local youth started training at the Dr. Rushikumar Institute of Education and Technology in Jagatsinghpur on Dec 6. All trainees belong to POSCO-India’s proposed plant site out of which 15 are from Dhinkia, 9 from Nuagaon, 8 from Polanga & 1 from Bhunyanpal. As a part of its sincere commitment to the welfare of the local people, POSCO-India had earlier announced Vocational Training Programme for the to-be displaced families of the proposed site area in order to increase their employability.
The duration of the training course is 6 months covering trades such as Electrician and Welding & Fabrication. On completion, each trainee will be awarded a certificate of merit by the Government of Orissa. During the training period, all expenses of the trainees’ including accommodation, fooding, uniform etc. will be borne by the company. The training programme will continue and the next batch will commence at the earliest.
POSCO-India plans to create job opportunities for the local people through various constructions work and the locals will be given priority for such type of work. The construction of the company’s training center in Sandhakuda will start late this month which itself will generate up to 500 job opportunities. Moreover, the survey for the land preparation work will also create jobs for 200 locals.
On his visit to the training centre today Mr. Soung-Sik Cho, CMD of POSCO-India said “We will build the steel plant together with the local people. This vocational training and construction work is only small part of the mega steel plant construction and there will be much more employment opportunities in the coming years for the locals for a better means of livelihood. He further added that “We, members of POSCO-India and the locals, are like one family and thus let us support each other by which only we can prosper together.”
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 tons 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 tons. POSCO-India Pvt. Ltd. was incorporated on 25th August 2005 with the Registrar of Companies, Orissa, under the Companies Act 1956.