India, April 22 -- Over two decades after leaving a mega project in Odisha following large-scale unrest by local people, South Korean steel major Posco is all set to return to the state and set up a greenfield plant in collaboration with JSW Group.

This was announced by Additional Chief Secretary, Industries, Hemant Sharma, here.

"We are very happy to announce that Posco is returning to Odisha. An agreement in this regard was signed on Monday during the South Korean President's visit to India," Sharma told reporters here.

Posco, which had planned to set up a mega steel mill of 12mtpa at an investment of Rs 51,000 near Paradip in Jagatsinghpur district in early 2000, had to abandon it in the face of stiff opposition by local people duri...