The Uddhav Thackeray government of Maharashtra has stopped the Rs 5000 crore deal with Chinese companies amidst the ongoing escalation along the border with China. The Mahavikas Aghadi government of Maharashtra had recently signed an investment of Rs 5000 crore with three Chinese companies during the Magnetic Maharashtra 2.0 Investor Meet. Now the state government has stopped this agreement. Maharashtra Industries Minister Subhash Desai said that “this decision has been taken after talks with the Central Government. The Ministry of External Affairs has advised that no further agreement be made with Chinese companies. ” Among the agreements that have been put on hold are the Great Wall Motors (GWM) automobile plant project worth Rs 3770 crore, which was to be set up in Talegaon near Pune. Apart from this, PMI Electro Mobility was to set up a unit of 1000 crores with Chinese company Foton, which would provide jobs to about 1500 people. At the same time, the third project was Hengli Engineering of China for 250 crores, under which the company was going to expand its project in Talegaon. It was also expected to generate around 150 jobs. Explain that under Magnetic Maharashtra 2.0, the state government has planned to boost the economy. In this, the government had signed 12 agreements, which included the agreements of companies from Singapore, South Korea, USA as well as India. The state government is now actively working on the remaining 9 agreements after the Chinese companies stopped their agreements.
Let us know that there is a plan to manufacture electric cars and SUP cars at the plant of Chinese company General Wall Motors Talegaon. The company’s MD in India, Parker Shea, said that the plant will produce based on very modern and advanced robotic technology. Xi said that we are planning to invest about Rs 7600 crore in India. Since the ongoing tension with China on the border, there is a demand for boycott of Chinese goods in India. This demand has spread throughout the country since the violent clash in the Galvan Valley on June 15 and the death of 20 army personnel in it. The Indian government is also preparing to shock China economically along the border. This is the reason why many large Chinese projects have been canceled.
Surjitt sahani
