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Boycott Chinese Products-India Puts 3 Chinese Projects worth Rs5000 cr on Hold

In response to India and China clashes the state government of Maharashtra in India  has put on hold three projects totaling over Rs 5,000 crore signed with Chinese companies at the recently held Magnetic Maharashtra 2.0 investors meet.

"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.

At an all party meeting, Maharashtra Chief Minister, Uddhav Thackeray said, “India want peace but that doesn’t mean we are weak. China’s nature is betrayal. India is strong,not helpless.” 

The online conference meeting of Magnetic Maharashtra 2.0 investor meet, held last Monday, had been attended by Chinese ambassador Sun Weidong.

The agreements included a Rs 3,770 Crore MoU with the Great Wall Motots 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.

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