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No Chinese Investments on hold, Clarifies Maharashtra Government

Maharashtra Government maintains the status quo on MoUs with Chinese firms. Haryana cancelled deals with the Chinese firm.

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The government of Maharashtra clarified that it has not put any Chinese deals on hold which were signed recently during an investor meet. The clarification came yesterday evening on 22 June after the Industry Minister of Maharashtra Mr. Subhas Desai was quoted in media reports saying that the government will be putting Chinese deals worth ₹5,000 crores on hold.

According to government officials, Desai would have been misquoted as the investments were creating jobs, and stopping any such investments would be counterproductive.

According to an official statement, Desai said the state government is awaiting clear policy decisions regarding the projects in the present condition.

The Maharashtra government recently signed 12 MoUs with International and domestic companies, amounting to ₹ 16,000 crores.
The deals were signed in the “Magnetic Maharashtra 2.0” investor meet to boost jobs and kick start the economy after COVID 19. Out of 12 deals, 3 deals are with Chinese firms. A Chinese company, ‘Great Wall Motor’ confirmed an investment worth ₹3,770 crores and guarantee the creation of 2,000 jobs. The other two investments were made by ‘Hengli Engineering’ and ‘PMI Electro Mobility solutions’ worth ₹250 crores and ₹1000 crore respectively. ‘PMI’ claimed that it would help create 1,000 jobs in the coming days. All these Chinese investments were made in an Industrial area in Telegaon, near Pune.

Recently Indian Railways has terminated a contract worth ₹470 crores with a Chinese firm, Beijing National Railway Research & Design Institute of Signal & Communication alleging very slow work progress in the last 4 years. The firm was authorised to develop signalling and telecommunications work on the 417-km long Kanpur-Deen Dayal Upadhyay section. However, the firm could complete only 20% of the work since its contract in 2016.

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The Haryana government also cancelled a tender after Chinese firms bid a competitive price along with domestic companies for the Installation of pollution-control equipment at Hisar and Yamuna Nagar Power Plants.

After the violent border clash at the Galwan Valley which resulted in the martyrdom of 20 Indian soldiers, nationwide boycott calls are being made against China. The state governments are also taking actions to support Indian sentiments, and give a jolt to the Chinese government.

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