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India Suspends 600 Million Deal With China

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India

India has temporarily suspended work on more than 600 million worth of contracts with Chinese companies following ongoing border tensions with China.

Maharashtra’s Industry Minister Subhash Desai says he is waiting for the central government’s policy to move forward with agreements with three Chinese companies.

Preliminary agreements between China and the Indian state of Maharashtra was announced last week to help revive the Corona-hit Indian economy.

The largest of these was a 50-crore partnership with Chinese automaker Great Wall Moores

Read also: India withdraws from agreements with China, a Chinese newspaper.

Besides, the Indian Electric Bus Company also had a joint venture with two Chinese companies.

Francis Baylon
Francis Baylon is a creator, writer, and publisher with a deep knowledge of every heritage. Worldwide research taught her that every mountain top is within reach if you just keep climbing.

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