"India gives Posco environmental OK" from Wall Street Journal

"India's environment minister approved plans by South Korea's Posco to build a $12 billion steel factory, in a sign that the government is willing to compromise on large projects to keep economic growth on track."

"Mr.Ramesh's approval came five years after Posco said it planned to set up a plant capable of producing 12 million metric tons a year in the mineral-rich eastern province of Orissa."