Chinese Company Invested $ 100 Million In India

Indo-China relations are becoming a trend nowadays.After spreading coronavirus China starts a war with India. Because of this war, India is starting to degrade the Chinese market by boycotting their products. India is not preferring Chinese products now onwards. Many companies in China shifting to India because of this economical loss.

From the morning of Tuesday, 16 June, tensions started growing along the India-China border. By noon there was a piece of news, 'India-China border dispute, three Indian soldiers killed. ‘Within a few minutes of the arrival of this breaking news, a mail arrived on my email box. This is thrilling news for India. Already the world is suffering from this Corona Pandemic. 

An announcement was made in this, "A memorandum of understanding was signed between GWM, a Chinese motor company and the Government of Maharashtra. It will invest $ 100 million in a phased manner and will create 3,000 jobs."

 There was already an angry atmosphere against China in India, and on Tuesday it was reported that 20 Indian soldiers had lost their lives on the border. In such a situation, the timing of sending emails to this announcement of the company could not be worse.

 Actually, this agreement was reached on Monday 15 June. Maharashtra Chief Minister Uddhav Thackeray announced an investment of Rs 16,000 crore in the state through the Magnetic Maharashtra campaign. GWM also had an investment in it.

The border between India and China is called the Line of Actual Control or LAC i.e. the actual situation after the 1962 war.Sources in the Ministry of Defense says that it began in the third week of April when the "line of actuarial control on the Ladakh border" showed an increase in the number of troops and heavy trucks on the Chinese side.

What is GWM?

A well-known motors company. The foundation of GWM i.e. Great Wall Motors was laid in 1984. In 2003, the company was listed on the Hong Kong Stock Exchange and trading in its shares began. In February, Great Wall Motors announced to enter India. At the Delhi Auto Expo to be held every two years, this company showed its SUV brand Havell. The company also showed its electric cars here.

At that time a high official of the company had told BBC Marathi Service that the company would soon acquire General Motors' plant in Talegaon, Pune. Chevrolet brand of American company General Motors decided to exit the Indian market in 2017. After this, the company's production plant in Halol, Gujarat was bought by Chinese company MG Motors.

During this period, the meetings of the heads of the three armies were going on in Delhi. Apart from Defense Minister Rajnath Singh and National Security Advisor Ajit Doval, he also met Prime Minister Narendra Modi.

Apart from Bengaluru, India, the company has research and development centers in seven countries. In addition, the company also has 14 production factories worldwide.