Needs many factors to be sorted out at the same time, from the Naxal threat to poor rail links.

The South Korean government has indicated it is willing to wait for India to complete all formalities before for Posco to start work on its $12-billion steel project over 4,000 acres in Orissa.

The project is on steam and the Korean government is willing to wait, said a source, who did not wish to be quoted.