- Existing MoUs to be maintained though new investments by Great Wall Motors and other Chinese companies to be put on hold
- Keeping the status quo does not mean the cancellation of investments totalling Rs 5,020 crore from the three Chinese companies – Great Wall Motors, BeiqiFoton Motor and Hengli Engineering
In an update to the story that the Maharashtra government has put investments from Chinese companies on hold following the recent face-off between Indian and Chinese troops in the Galwan Valley in Ladakh, there is to be a status quo with regard to the MoUs worth Rs 5,020 crore. This was stated by Subhash Desai, Minister of Industries, Government of Maharashtra today.
As per a PTI report, Desai, however, clarified that the status quo does not mean cancellation of the MoUs relating to the three projects. According to an official statement, Desai said the state government…