Devil Soul
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South Korean firm Posco says it has scrapped a proposed steel project in the Indian state of Karnataka after delays and local opposition.
The company said it had dropped the $5.3bn (£3.5bn) project in the state's Gadag area after protests against the acquisition of land for the plant.
But it made clear it will proceed with a planned $12bn plant in eastern Orissa state which has faced similar protests.
The Orissa project would be India's biggest foreign investment.
BBC News - South Korea's Posco scraps India steel project after delays
The company said it had dropped the $5.3bn (£3.5bn) project in the state's Gadag area after protests against the acquisition of land for the plant.
But it made clear it will proceed with a planned $12bn plant in eastern Orissa state which has faced similar protests.
The Orissa project would be India's biggest foreign investment.
BBC News - South Korea's Posco scraps India steel project after delays