Maha Govt Freezes Great Wall Motors Investment Worth Rs 3,700 Crore Amid India-China Standoff

[Spartan]

The Maharashtra government has put on hold three major agreements signed with Chinese companies at the recently concluded Magnetic Maharashtra 2.0 investor meet, officials said.

The proposed projects entail investments of around Rs 5,000 crore in the state.

 

"We have taken this decision in consultation with the Central government. These agreements were signed prior to the development on the Indo-China border and killing of 20 Indian soldiers," Industry Minister Subhash Desai said.

He added that the Ministry of External Affairs has advised the state government against signing any further agreements with Chinese companies.

It may be recalled that at the online Magnetic Maharashtra 2.0 meet, the state government signed agreements worth over Rs 16,000 crore with global companies including Chinese groups.

They include a Rs 3,770-crore MoU with the Great Wall Motors to set up an automobile manufacturing unit in Pune' Talegaon and a Rs 1,000-crore in partnership with Foton (China) and PMI Electro Mobility.

[bhaigan]

Gujarat lo MG hector plant and investment ni kuda block cheyamanu saripoddi

when KIA came to AP, MG Hector went to Gujarat

MG Hector parent company is Shanghai Automotive Industry Corporation danni kuda freeze cheyamanu

[MiryalgudaMaruthiRao]

Just now, bhaigan said:

Gujarat lo MG hector plant investment ni kuda block cheyamanu saripoddi

when KIA came to AP, MG Hector went to Gujarat

MG Hector parent company is Shanghai Automotive Industry Corporation danni kuda freeze cheyamanu

bring them to AP Maya