- Magantic Maharashtra Investor Summit deals with Chinese companies with government
- Investment was to be around 5 thousand crores for 3 projects, thousands of jobs were also included
- new Delhi. With China constantly increasing tension, now state governments have started taking major action. After the Haryana Government (Haryana Govt), the agreement with the Chinese companies has been canceled on behalf of the Government of Maharashtra. The agreement for the three projects involved investment of around Rs 5000 crore and thousands of jobs. Let us tell you that recently the Haryana government had canceled the tenders of Chinese companies from power projects and ordered to issue new tenders. Before BSNL ( Bsnl ) and railway (Indian Railway) has also canceled the Chinese tenders.
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Maharashtra government gave a big blow
China got a big blow from the Maharashtra government. The Uddhav government has put three big deals signed with Chinese companies on hold. These three deals were worth about 5 thousand crores. It would also create thousands of jobs. All three were signed at the Magnetic Maharashtra 2.0 Investor Summit. According to state Industries Minister Saurabh Desai, all three deals were signed before the Galvan violence. The central government has also been informed about this. Recently, all the states and central ministries were told by the Ministry of External Affairs that no business relationship should be maintained with China at present.The deal for these projects was done
– the first project was Great Wall Motors worth Rs 3,770 crore which was to be set up at an automobile plant near Pune.
– The second project was of PMI Electro Mobility and Photon, under which the unit was to be set up for Rs 1 thousand crore.
– The third project was Hingli Engineering worth Rs 250 crore.How will work now, petrol and diesel prices become equal
Railways and BSNL have also given blow
– Railways had also given a blow of about 417 crores, canceling the contract of Chinese company.
– It was with the Chinese company Beijing National Railway Research and Design Institute.
– The 417 km long section between Kanpur and Mughalsarai was to have signal and telecommunication work.
– The same Government of India has asked the government telecom companies not to use any Chinese company’s equipment.
– BSNL and MTNL have canceled all Chinese tenders.
– This step will cause a loss of about 3 thousand crores to China.
