Competing states, ORISSA, 36Garh and Jharkhand have practically out done the Pandabas in Mahabharat: - Sandip K. Dasverma

The issue of water is of primary importance. In attempt to out do each other the competing states, ORISSA, 36Garh and Jharkhand have practically out done the Pandabas in Mahabharat. They have put everything on the Chess board, forgetting the industries should be good tax paying citizens.
The industries should pay for their inputs, like water, Coal, Iron Ore, Lime stone etc and should plan to dispose / treat their out put. This is well defined practice of the 1st world.
Unfortunately, GOO has promised everything to Integrated Steel Plants, like Judhisthira did in Mahabharata. While playing the dice, they have bet everything and very little is left to bet, to get the POSCOs. Just the give away of Iron Ore alone, will result in a yearly loss to Govt of Orissa to the tune of $2 billion per year or 9000 crores, at current exchange rates and prices charged as Royalty.
The Math is simple:
A 12 million tonne plant will need 20 million tons of Iron Ore.
International market price of lump Ore is approx $100/tonne and likely to go up another 30% this year.
20 million tonnes*$100/tonne = $2000 million=8000 crores ( exchange rate Rs 45/$)

Considering that the cost of raising is $10/Tonne the ISP(Integrated steel plant) gets a subsidy of $90/Tonne of which 50% should come to state as Royalty, for instate plants.

For plants in other states it should be 60% and for export it should be 80% of International Market price.

Similarly all other items, like Coal, Water and other ores should be paid for at Market prices.
News paper report, ( http://www.orissalinks.com/orissagrowth/?cat=162 ) states that Mittal are willing to pay the market price for all inputs. So why not POSCO and TATAs? Whose "Jwain"(son in law) are they?

The three state Governments should get together and do it, asap.
The best would be to keep the above 50%, 60% and 80% as the base prices and then go for an open bidding, so due competition the price of inputs in short supply will be highly remunerative.

I personally do not know Mr. Navin Patnaik but as a CM I believe that the buck should stop at his desk. He has no option to play ignorant.
Right now the MOU terms indicate that the interest of Orissa is compromised and needs solid path correction.