Amid India-China border tension, Maharashtra puts on hold 3 Chinese projects worth Rs 5,000 crore

In a significant decision, the Maharashtra government has put on hold three major agreements inked with Chinese companies last week in the wake of India-China border face-off.

The MoUs were signed at the recent Magnetic Maharashtra 2.0 event.

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The proposed projects entail investments of over Rs 5,000 crore.

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“We have taken this decision in consultation with the central government. These agreements were signed prior to the development on the Indo-China border and killing of 20 Indian soldiers," Industry Minister Subhash Desai said.