The Maharashtra government has put on hold Memorandum of Understanding (MoU) valued at an estimated Rs.5,020 crore of three Chinese companies signed up under Magnetic Maharashtra 2.0. Including the MoU with Great Wall Motor, Hengli Engineering and PMI Electro Mobility Solutions, these arrangements were expected to generate employment for 3,692 strong workforce in the state. Confirmed Subhash Desai, Minister of Industries and Mining, Maharashtra that these MoUs were not cancelled but put on hold. The state is awaiting instructions from the Centre over the investments given the backdrop of the evolving trade dynamics of the two nations.


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