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Great Wall Motors's MOU with Government is on hold now

Mumbai: Chief minister Udhhav Thackeray and industry minister Subhas Desai have put the agreement signed with Chinese carmaker on hold for now. There are two more Chinese auto companies, PMI Electro Mobility in a joint venture with Foton (China) & Hengli Engineering also on hold. This decision has been taken by the State government along with the Centre government, and these MOUs were signed before aggressive border clashes between the Indian and Chinese army where 20 Indian soldiers were killed. Ministry of external affairs has advised not to sign any further agreements with Chinese companies, said industry minister Subhash Desai. To kick start the revival of economy post-COVID, Maharashtra launched this program Magnetic Maharashtra 2.0, under this Maharashtra government, recently signed 12 MOUs with companies from  America, South Korea, Singapore, and India, and is moving forward with 9 other MOUs, as informed by the Industry Minister Subhash Desai. 

Great Wall Motors has already acquired General Motors's Talegaon plan in January this year. GWM planned to produce its electric vehicles and SUV models at the unit. “This would be a highly automated plant in Talegaon (near Pune) with advanced robotics technology integrated into many of the production processes,” Parker Shi, managing director of the Indian subsidiary of GWM, said in a statement.

The decision to stall the Chinese projects is taken after the border clashes between Indian and Chinese forces. At the all-party meeting called by Prime Minister Narendra Modi on Friday, chief minister and Shiv Sena chief Uddhav Thackeray said, “India wants peace but that doesn’t mean we are weak. China’s nature is betrayal".