On Thursday, Commerce Minister Anand Sharma with his South Korean counterpart has said that the issues which are interrupting the Posco project in Orissa would be soon resolved.

South Korean trade minister Kim Jon-Hoon has said on Thursday that both countries should work together to locate a solution if there are any environmental concerns. He is in India to join in the India-Korea joint meet.

There are some issues and very soon the problems will be removed. The necessary clearances will appear and the remainder issues will get settled as stated by Sharma.

The $12 billion Posco steel project would conduct in development in India and create more jobs as hoped by Jong-Hoon. He has said that, they don't have to ignore the importance of this Greenfield investment which can create a great deal of jobs in India and even a great deal of importance for Indian industry.

He has also added that they are deciding the site to set up the steel mill without think in the forest area.

An agreement was signed between Posco and the Orissa government in 2005. This was signed to set up a 12 MTPA steel project. Unfortunately this project is facing a lot of environmental obstacles.