POSCO India is aiming to become a company that contributes positively to society and is respected by customers worldwide. Over the last 40 years, POSCO, the parent company, has grown with the local communities and believes in mutual development along with communities and society through continuous CSR initiatives. POSCO India wants to replicate the model in India for the benefit of the state of Orissa and India. Through this initiative the company attempts to help the society take one more step towards self-sufficiency.
POSCO India has plans to fully support and work along with the Orissa government to spearhead social responsibility programs in Orissa and the rest of the country, as it does in Korea. The POSCO India project will strive to raise the standard of living of the people of Orissa through proposed programs on workplace safety & health, and education & welfare programs that extend to the local community.
A detailed corporate social responsibility plan is currently being prepared, which includes in-depth inputs from the Government of Orissa and other relevant bodies.
POSCO India has initiated educational support programs for students in Orissa and other parts of the country through the ‘POSCO-TJ Park Foundation’, an independent and non-profit organization fully financed by POSCO, to encourage research, aid higher education and promote academic collaboration between India and Korea.
The Employability Training Program has till now trained 560 students (Male & Female) at the site area out of which 454 have been gainfully employed through the help of POSCO India.
The company through The T J Park Foundation fellowship has given in India till now 315 Scholarship Awards worth USD 157,500 (approx) in various universities in Odisha and Delhi.
The scholarships and research grants are one of POSCO India’s initiatives in making significant contributions to the community in which they live and work. This is truly reflected in the fact that more than half of the beneficiaries of the programs are the students from Orissa. This is a long-term commitment made by POSCO India so that the maximum number of students benefit from this project.
Fellowship for two-year Masters Program in Graduate School of International Studies (GSIS) is another program under which several students have been awarded fellowships at one of the top Korean universities. The fellowship covers full tuition fees and an annual stipend of approximately USD 12,000.
POSCO India had carried out two cleft lip surgery and palate correction camps in the year 2006 & 2007, and successfully operated 53 patients. This initiative covered three Gram Panchayats of Dhinkia, Nuagaon and Gada Kujang of proposed plant site area in particular and Jagatsinghpur district in general.
Patients of all ages availed the medical & surgical assistance. The camps were conducted under aegis of a specialized team comprising of medical professors from the Dental Department of Seoul National University (SNU), a premiere university in Korea. The endeavour was in partnership with Health & Family Welfare Department, Government of Orissa. All the surgeries were carried out in SCB Medical College, Cuttack with proper pre/post operative care.
The 2006 & 2008 floods ravaged Orissa and caused havoc especially in the districts of Kendrapara, Jagatsinghpur and Puri. In such hour of distress, POSCO India, expressed its solidarity by empathizing with the affected people. To mitigate suffering, the company distributed Tarpolin, drinking water, food materials, biscuits, cattle feed, candles, match boxes etc in the villages under Jagatsinghpur district.