POSCO keen on setting up plant in Andhra Pradesh; scouting for suitable locations: AP CM Jaganmohan Reddy

Andhra Pradesh Chief Minister Jaganmohan Reddy has said that POSCO is keen on setting up a steel plant in the state.

On Wednesday, Reddy met with the representatives of the Visakhapatnam Steel Plant employees who are agitated by the Narendra Modi government plans to privatise the 7.3 MTPA capacity plant located in the port city, also known as steel city because of the steel PSU.

Reddy admitted that the South Korean steel giant’s officials had met him recently. “But it is wrong to say that they are trying hard to come to Vizag. However, it is true that they are very keen on AP and are scouting for suitable locations. I have appealed to them to set up a plant at Kadapa or else at Krishnapatnam or Bhavanapadu,” Reddy said during the interaction.

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Stating POSCO as a large, reputed organisation, CM Reddy said that “such a company establishing its plant here would fetch us jobs and boost the state's economy.” “Even yesterday, they had visited Krishnapatnam.”

Reddy assured the workers that his YSRCP government is committed towards keeping the Vizag Steel Plant within the government sector and would protect the employee interests.

VSP is a Navratna company operating under the Ministry of Steel and is the largest public-sector industrial unit in the state.