Half a decade after announcing the project, work is yet to begin on Pohang Iron and Steel Co Ltd's (POSCO) proposed 12 million tonnes per annum (mtpa) steel mill in Orissa because of delays in securing regulatory approvals and continuing protests surrounding land acquisition. The project was expected to be India's largest foreign investment at the time of announcement. POSCO, South Korea's biggest steel producer and the world's fourth largest, is evaluating options, including reviewing the resettlement plan for people from whom land was acquired for the proposed plant and, in the worst case scaling down the project size. In an interview, Ki-Hong Park, executive vice-president and head of POSCO's growth and investment division, said that Orissa project was the steel maker's "No. 1 priority" among all its global plans.