GWM investment put on hold
LAST MONTH, Chinese carmaker Great Wall Motors (GWM) signed MoU with the Maharashtra government to set up a manufacturing facility at Talegaon.
Now, Chief Minister Uddhav Thackerayled government put the investment for GWM on hold. During the signing ceremony,
Parker Shi, MD, GWM India, mentioned the Chinese company committed to spending US$ 1 billion worth of investments in India in a phased manner, directed towards manufacturing, R&D centre, supply chain and providing jobs to over 3000 people in a phased manner.