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After 20 soldiers killed India suspends worth 5,000 crore deal with China

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The state of Maharashtra has suspended contracts worth Rs 5,000 crore with Chinese companies after 20 Indian soldiers were killed by Chinese troops in the Galwan Valley of Ladakh.

 

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Maharashtra Industry Minister Subhash Desai says it has decided not to sign agreements with Chinese companies after consultation with the federal government. The Foreign Ministry has stopped us from signing any further agreements with China. 

 

It may be recalled that an online conference was held last Monday between Chinese companies and officials and industrialists of the Indian state of Maharashtra, which was also attended by Chinese Ambassador to India.

 

The conference agreed on three agreements, one of which was worth of 3,770 crore agreement with Great Wall Motors to set up an automobile plant near Pune. In addition, the Rs 1,000 crore Indian company PMI Electro Mobility had a joint venture with Chinese company Photon while another contract was worth Rs 250 crore.

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