As per a report in the Times of India, the Maharashtra state government has put on hold on three agreements signed with Chinese companies. These agreements were of worth rupees 5000 crores. Agreements with Chinese companies were made at a recently held investor meet magnetic Maharashtra 2.0.
This decision of signing off agreements came after a face-off at the Ladakh border between India and China. In the violent clash at the Galwan’s valley, many Indian soldiers lost their lives. Casualties also occurred in Chinese troops.
The investor meet, magnetic Maharashtra 2.0 was held online on last Monday. It was also attended by the Chinese Ambassador, Sun Weidong.
The agreements consist of an MOU with great wall Motors, worth rupees 3770 crore which was done to set up an automobile plant near Pune.
Moreover, this meeting was a part of Maha Vikas Aghadi, the government’s attempt to revive the hammered economy due to the coronavirus.
The ministry of state Industry said that in a total, 12 agreements have been signed. The agreements were signed between companies belonging to the US, South Korea, Singapore, along with many Indian companies. He further told that 9 MOUs were in progress.
Moreover, MMRDA also put down the bidding process Of 10 monorail rakes. It was done because these bits were received from two Chinese manufacturers.
“In the current economic situation due to COVID-19 and in line with the various policies announced by the government of India to encourage the Make in India schemes, it has been decided to look for an Indian Technology partner for development and long term support,” R.A. Rajeev, metropolitan commissioner, said in the statement.
The Metropolitan Commissioner said that this agreement has been rejected to initiate an agreement with Indian manufacturers.
Along with Maharashtra put on hold Chinese agreements, other states have also announced boycotting Chinese products. Recently in an all-party meeting called by Narendra Modi, Nitish Kumar, Bihar’s CM said that all trade agreements made earlier must be reviewed to make sure that no Chinese products are used.
Moreover, on Sunday, Uttrakhand also ordered its officials to segregate the Chinese companies which had been given government contracts.
“The decision to ban Chinese companies can only be taken by the Centre. Why doesn’t the BJP government snap all trade relations with China? Moreover, no Chinese company has a base in West Bengal,” said Dola Sen, a TMC Rajya Sabha MP and president of the TMC’s trade union wing.