Top 20 News

  1. Govt bans 59 Chinese apps including TikTok SHAREit due to LAC tension
  2. Maharashtra Government suspends Chinese projects worth Rs 5000 crore
  3. Covid-19 - India tally crosses 3.6 lakh with 12881 new cases last 24 hours
  4. Indian Railways scraps contract with Chinese firm
  5. BSNL MTNL and private companies to ban all Chinese deals and equipment
  6. In violent face-off with China in Galwan valley Ladakh India losed her 20 soldiers
  7. Vijay Mallya's News
  8. Kajol turned 45
  9. Proposal to remove Article 370 from Jammu Kashmir presented
  10. Why we celebrate Ganesh Chaturthi?
  11. PM Modi welcomed Nepalese PM Sher Bahadur Deuba at Rashtrapati Bhawan
  12. Brother of ousted Pakistani PM Nawaz Sharif seen as successor
  13. Ahmed Patel has no chance of winning Rajya Sabha polls
  14. Presidential elections: Ram Nath Kovind garners over 65 per cent votes
  15. Little change for online shoppers after tax regime: GST rollout
  16. President Pranab Mukherjee, PM Modi Launch Indias Biggest Tax Reform
  17. 10.8 Dollar Billion Plane Order of Air India From 2005 To Be Investigated
  18. Ten Most things UP CM Yogi Adityanath did during his first week in office
  19. Dad to Yogi Adityanath- Women in burqa too voted for you, respect all religions
  20. Arun Jaitley says, Hoping to implement GST from July 1



Maharashtra Government suspends Chinese projects worth Rs 5000 crore

Posted Date :   27 June 2020 12:22:38 AM  
The Maharashtra government with the consultation from the Centre has put on hold three
agreements signed with Chinese companies at the recent Magnetic Maharashtra 2.0 investor
The proposed investments cost over Rs 5,000 crore.
“The decision has been taken in consultation with the Union government. These were signed
prior to the clash in Galwan valley. The ministry of external affairs has advised not to sign any
further agreements with Chinese companies,” said industry minister Subash Desai.
The three agreements signed included a Rs 3,770 crore MoU with Great Wall Motors (GWM)
to set up an automobile plant in Talegaon near Pune.
PMI Electro Mobility in a joint venture with Foton (China) had announced a Rs 1,000 crore unit
that would create 1,500 jobs. Another Chinese company was Hengii Engineering for a Rs
250-crore investment as part of its phase II expansion, a project that will generate 150 jobs.
The Maharashtra government was to start the economy with Magnetic Maharashtra 2.0. The
government signed a total of 12 agreements which included companies from Singapore, South
Korea, US besides several Indian companies.
The decision to freeze the Chinese projects comes due to ongoing dispute at the border.
In the all party meeting called by the Prime Minister, Chief Minister Uddhav Thackeray had
expressed his confidence in the Modi administration and said, ” Our government has the
ability to give a befitting reply.. We are all one. This is the feeling. We are with you, PM. We
are with our forces and their families.”

Facebook Twitter LinkedIn Pinterest

Latest Wallpapers

Latest News