After Posco fiasco, South Korea eyes fresh investment imprint in Odisha

South Korea's biggest investment bet in Odisha- the $12 billion Posco greenfield steel project - also billed as the country's largest FDI failed to take off. But years later, a clutch of Korean investors are keen on redrawing their investment contours on Odisha's soil.

"Odisha had received one of the biggest foreign investment proposals from Posco... Now, we hope to make a fresh start in Odisha," said Shin Bong-kil, Ambassador of the Republic of Korea to India.

Posco's 12 million tonne mega steel plant proposed on Odisha's coast near Paradip never quite took off on the ground after initial euphoria. The Korean