One of the Congress party’s oldest, and best-respected, member is now the new Cabinet Minister of Tribal and Panchayati Raj Affairs in India’s central (union) government. Last week, Vyricherla Kishore Chandra Suryanarayana Deo reportedly “vetoed” the POSCO steel project in Orissa – citing the requirement to fully implement the country’s Forest Rights Act.
British-based investors in South Korean company POSCO include Barclays, Alliance Bernstein/Alliance Bernstein Global Wealth Management, Foreign and Colonial Investment Trust PLC, and Henderson Far East Income Limited: see