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Maharashtra Govt. Decided To Hold China projects worth Rs. 5,000 crore.

By Special Correspondent, Mumbai

Reportedly, The Shiv Sena government has decided to hold three major agreements signed with Chinese companies and finished Magnetic Maharashtra 2.0 investor meet The official said proposed projects involve investments of around Rs 5,000 crore in the state.

Minister Subhash Desai uttered “We have taken this decision in consultation with the Central government. These agreements were signed previous to the development on the Indo-China border and killing of 20 Indian soldiers.” He added that the Ministry of External Affairs has advised the state government against signing any further agreements with Chinese companies. As per the reports, the government has signed agreements worth over Rs 5,000 crore with global companies including Chinese groups.

The agreements worth Rs 3,770 crore that includes a memorandum of understanding (MoU) with Great Wall Motors (GWM), to set up an automobile plant and produce electric vehicles and SUV models at the unit in Talegaon near Pune. Boycott China’s product slogan has raised after the border disputes in Ladakh between the two countries in which India lost 20 of its soldiers in the violent face-off in the Galwan Valley.

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