Janardan Pati,

Secretary, CPI(M)

In the present global situation the big monoploy houses are searching for raw materials, land,water and cheap labour in the third world countries.The governments of some third world countries are succumbing to the pressure and threats of the imperialistic powers.The world has witnessed what happened and what is happening in iraq in particulaly and in west asia in general. In this back ground we are to understand the situation in india.

Let us think about posco's project -

1. posco will take 600 million mt of iron ore @ rs 24 per ton.the present market price of iron ore varies from rs2000- 3000 per ton. so posco will gain around 120-150 thousand crores from iron ore. Any body can guess what would be the rate of iron ore after 30 years,because the mou sighned between the govt. of orissa and posco is for 30 years and the mou says the agreement can be extended to another 20 years.

1.6 ton of iron ore will produce 1ton steel.the posco will pay Rs. 24 per ton of iron ore.that means paying only Rs 40 for iron ore, posco will sell 1 ton steel at the rate of 30,000.Any body can calculate the amount of loot through this process.

2. posco will destroy the "khandadhar"water fall the highest water fall of our state, during mining process. The"khandhar" water fall is the source of irrigation to the large areas where paddy is being produced.

3. posco will displace a large number of tribals who are residing over the generations.

4. posco will take coal mines for power generations but, will not purchase coal. Many state govt. like Tamilnadu are purchaseing coal @the market prise to produce electricity.

5. posco will given fertile lands near "kujanga",throwing away about 20,000 people from their living places.

6. posco will be provided water at the cost of irrigation .

7. posco will be expemted to pay taxes to Orissa state govt. and govt. of India through SEZ formula.

What posco will give to orissa----------

It is argued thae posco will provide employment to about 13,000 people, At the cost of these above scarifices posco will be benefited.

What will be the fate of those mining areas after 30 years can be easily gussed.

The minerals, forest,land ,water etc should not handed over free of cost to posco ,vedant,Tata or any other company.

The multinational companies are not for the interest of the people of the state but they are out and out greedy to loot the valueable minerals of our state.

you are to consider my view considering the wider aspect of our state, our, people, our sovereignity, and ecology .

from-janardan pati,

secretary,c.p.i.(m)

orissa.