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Maharashtra Govt has suspended investment proposals from Chinese companies.

Shubham Jaiswal ([email protected])

China’s Great Wall Motors Ltd’s plan to build a passenger vehicle factory in India has braked to a halt with the Maharashtra government on Monday suspending investment proposals from three Chinese companies totalling ₹5,020 crores following a deadly clash between the armies of the two nations last week.

A final decision on the investments would be taken after ascertaining the Union government’s decision on new investments from China, Maharashtra’s industries minister Subhash Desai said.

“The memorandum of understanding (MoU) signed by the Government of Maharashtra on 15 June has been kept as it is now, Desai said, according to an official statement.”


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