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Maharashtra stalls Great Wall Motor's investment plan after border row

The initial agreements are not cancelled, but further action is awaited, said Maharashtra's industries minister Subhash Desai, days after his government signed them

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Great Wall, which has plans to invest a total of $1 billion in India, did not immediately respond to requests for comment.

Rajendra Jadhav & Aditi Shah | Reuters Mumbai/ New Delhi
Maharashtra has stalled a proposal by China's Great Wall Motor to invest nearly $500 million, days after a deadly border clash between the two nations, potentially delaying the company's plan to tap one of the world's biggest car markets.

The state government of Maharashtra, home to the financial capital of Mumbai, said on Monday it had put on hold three investment proposals from Chinese firms worth 50 billion rupees ($658 million) in total, including Great Wall's.

The initial agreements are not cancelled, but further action is awaited, said Maharashtra's industries minister Subhash Desai, days after his government signed them.

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First Published: Jun 22 2020 | 9:05 PM IST

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