For Mumbai Updates
Allow Notification  
Oneindia App Download

Maharashtra govt puts Chinese investment work ₹5000 crores on hold

|
Google Oneindia News

New Delhi, June 22: Following S Jaishankar led Union Ministry of External Affairs (MEA)'s advisory to not sign any further agreements with Chinese companies, Maharashtra Government has put three recently signed agreements with total proposed investment to the tune of Rs 5,000 crore on hold.

 Maharashtra govt puts Chinese investment work ₹5000 crores on hold

"The decision has been taken in consultation with the Union government'', said industry minister Subhash Desai.

Major General level talks between India-China underway at LadakhMajor General level talks between India-China underway at Ladakh

Recommended Video

Rajnath Singh in Russia: Tension with China to figure in defence minister talks | Oneindia News

The agreements had been signed recently at the Magnetic Maharashtra 2.0 investor summit, before 20 Indian Army's soldiers were martyred at the Line of Actual Control (LAC) as an outcome of China's belligerent adventurism and excesses in Eastern Ladakh.

On Tuesday, China''s automaker Great Wall Motors had signed a memorandum of understanding with the Maharashtra government while staying committed to a phased investment plan of USD 1 billion for a factory in the state that will generate employment for 3,000 people.

Jibe at China? They are not the bats, they are the Batman says ArmyJibe at China? They are not the bats, they are the Batman says Army

Amid the border tension with China, there has been clamour in the country for boycotting China-made products and for cancelling contracts given to Chinese companies.
The violent faceoff of Monday night was the biggest military confrontation between the two countries in over five decades that has significantly escalated the already volatile border standoff in the region.

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X