Maharashtra govt stalls 3 Chinese projects worth Rs 5000 crore amid 'Boycott China' call

Following Galwan valley clash at LAC, Maharashtra Government in a major decision has put three big-ticket agreements involving  Chinese government on hold. agreements were signed at  recent Magnetic Maharashtra 2.0 investor meet at a proposed investment deal of over Rs. 5000 crore. decision by Maha Vikas Aghadi government was taken after consultation with Central government, as per sources.  Centre has furr advised state government t to sign any agreements with Chinese companies, state Industries Minister Subhash Desai informed.

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virtual conference meet held last week was attended by Chinese Ambassador Sun Weidong. three Chinese agreements included a Rs 3,770-crore MoU with Great Wall (GWM) to set up an automobile plant in Talegaon near Pune. Furr, PMI Electro Mobility in a joint venture with Foton (China) had anunced a Rs 1,000-crore unit that would create 1,500 jobs, informed a government press release.

Or Chinese companies that made commitments for investment was Hengli Engineering, a Rs 250-crore investment as part of its phase II expansion at Talegaon, a project that would generate 150 jobs.

Magnetic Maharashtra 2.0 was an effort by Maharashtra govt to restart ecomy, which is adversely affected by Coronavirus pandemic. A total of 12 agreements included companies from Singapore, South Korea, US besides several Indian companies, Desai informed. he furr said that state government is actively processing or nine MoUs.

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decision to freeze  Chinese projects comes in wake of border clashes at LAC. At all-party meeting addressed by PM Modi on Friday, Chief minister Uddhav Thackeray extended his support to PM and families of martyred soldiers.

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Galwan Valley incident

On intervening night between June 15 and 16, Indian Army and Chinese Army personnel were involved in a massive clash instigated by Chinese, resulting in martyrdom of at least 20 Indian soldiers, with China taking between 35-45 casualties, as per at least three accounts which Beijing has been tight-lipped about in guise of 'goodwill'.

On Friday, Chinese Foreign Ministry claimed that entire Galwan Valley was a part of Chinese territory. se claims were dashed in a detailed statement by India's Foreign Ministry, which read that China's claims were "exaggerated and untenable" and that it was t in accordance with China's previous position. "We expect that Chinese side will sincerely follow understanding reached between Foreign Ministers to ensure peace and tranquility in border areas, which is so essential for overall development of our bilateral relations," MEA stated.

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