Saturday 28 May 2022
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Maharashtra govt freezes 3 deals with China worth Rs 5,000 crore

Maharashtra CM Thackeray said, “Our government has the ability to give a befitting reply, We are all one. We are with you, PM

In view of the anti-China sentiments, the Maharashtra government has put on hold three agreements worth Rs 5,000 crore signed with Chinese companies last week. The deals were signed at Magnetic Maharashtra 2.0 investor virtual meet which was attended by Chinese ambassador Weidong.

The Rs 3,770-crore with Great Wall Motors to set up an automobile plant in Talegaon near Pune has been freezed. PMI Electro Mobility’s joint venture with Foton (China) to set up a 1,000-crore unit that would help create 1,500 jobs has also been put on hold.

The Maha Vikas Aghadi government has also decided to freeze the deal of Hengli Engineering commitment to invest Rs 250-crore as part of its phase II expansion at Talegaon.

Also read: Mumbai local trains resume services for essential service workers

The business deals were signed hours before the clash between the Indian Army and the Chinese troops at Galwan Valley in eastern Ladakh on 15 June night. 20 Indian Army soldiers lost their lives in the clash.

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

Also read: Maharashtra govt reduces charges for COVID-19 test price by 50%

Magnetic Maharashtra 2.0 was an attempt by the Maharashtra government to kickstart the economy, post-Covid. In all 12 agreements were signed which included companies from Singapore, South Korea, US besides several Indian companies. Desai said the state government is actively processing the other nine MoUs.

Even before the clashes between the Indian Army and the Chinese military in Ladakh, Traders’ body Confederation of All India Traders (CAIT) had announced a nationwide campaign to boycott Chinese goods across the country from 10 June.

Union Minister of State for Home Affairs G Kishan Reddy on Sunday said that there’s a need to voluntarily boycott Chinese products to the extent possible. “There is a deep anti-China sentiment on the rise in the country. The public are expressing anti-China opinion all over the country by holding protests and also paying homage to the martyrs. There is a need to voluntarily boycott Chinese products to the extent possible. Public in the country wants that,” he said.

Maharashtra CM Thackeray, expressing confidence in the Modi administration, 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,” he said.

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