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A six-member fact finding team, headed by Justice (retd) Hosbert Suresh of the Bombay High Court, Monday demanded the immediate withdrawal of the proposed POSCO project in Orissa's Jagatsinghpur district.

The Orissa government is likely to renew its pact with South Korean Pohang Steel company (POSCO) to set up a $12 billion project in the state, which expired Tuesday, with some modifications.

A socio-economic survey for a steel plant project by South Korean steel major POSCO in Orissa began Tuesday despite protests, an official said.

India's steel production will double in the next two years even if Posco and ArcelorMittal projects, which have been stuck for over five years now, do not take off, Steel Minister Virbhadra Singh said on Sunday.