India-China border clash: Rs 5,000 crore deal with three Chinese firms put on hold by Maharashtra govt.


Share post:

The call for boycotting of Chinese goods and services has been echoing across the country, after the violent clash between the Indian Army and Chinese military in Ladakh.

The Maharashtra government has put three agreements worth Rs 5,000 crore signed with Chinese firms on hold last week. The deal were signed at Magnetic Maharashtra 2.0 investor virtual meet which was attended by Chinese ambassador Sun Weidong.

The Rs 3,770-crore MoU 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 deal of Hengli Engineering commitment to invest Rs 250-crore as part of its phase II expansion at Talegaon is also freezed by the government.

There was a violent clash between the Indian Army and the Chinese troops at Galwan Valley in eastern Ladakh on June 15 night.  20 Indian Army soldiers lost their lives in the clash. Hence, the business deals which were signed hours before the clashed were freezed.

Following the violent India-China border clash, the call for boycotting of Chinese goods and services has been resonating across the country.

Haryana has axed two power sector contracts with Chinese companies. The Manohar Lal Khattar government in Haryana cancelled the contract signed with Beijing SPC Environment Protection Tech’s for the Deen Bandhu Chhotu Ram Thermal Power Station in Yamunanagar and the deal between Shanghai Electric Corp and Rajiv Gandhi Thermal Power Plant in Hisar.

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 June 10.

ALSO READ: China releases 10 Indian soldiers after intense negotiations


Please enter your comment!
Please enter your name here

Newsletter Signup

Related articles from Tags

Watch: Fire breaks out at temple during Ram Navami celebrations in AP

A massive fire broke out at the Venugopala Swamy temple in Duvva village of Andhra Pradesh, West...

Lalit Modi decides to take Rahul Gandhi to court in UK

The controversial, IPL founder, Lalit Modi has launched an attack on Rahul Gandhi on Thursday. He added...

Telangana: Centre rejects turmeric board and rail coach factory

Hyderabad: The BJP government at the Centre continues to reject Telangana's appeal for a turmeric board and...

TSPSC announces new exam dates for recruitment to AEE

The Telangana State Public Service Commission (TSPSC) announces new exams dates. The exams for the posts of...

UPI Transactions above Rs.2,000 have to pay 1.1 percent fee

The National Payments Corporation of India (NPCI) has recommended interchange fee on UPI for transactions above Rs.2000...

KTR issued defamation notice Bandi Sanjay and Revanth Reddy

KTR, Telangana IT Minister, issued a defamation notice of 100 crore each to BJP president Bandi Sanjay...

Hyderabad: Mujra dances have high demand in city parties

Last week Police raid on dance bar in Ranigunj and arrested 29 people in a raid and...

PAN and Aadhaar card linking date has been extended

The central government has announced that the date for linking PAN and Aadhaar has been extended to...

Hyderabad: 3 months traffic diversions near Erragadda Metro Station

Hyderabad: Traffic diversions from March 28 to June 28 in Hyderabad, due to Nala work from AG...

Watch: Women died on spot in road accident at Balapur, Hyderabad

A women died in a road accident, when a speeding auto trolley rammed into a woman at...

Hyderabad: Toddler crushed to death by GHMC auto

A 18 months toddler was crushed to death by GHMC auto near RTC Colony at Moula Ali,...

Potti Sreeramulu Telugu University all set to shift to new campus

The next academic year of Potti Sreeramulu Telugu university will start in the new campus at Bachupally....