The three Chinese companies were to invest in projects in Talegaon, an industrial hub in Pune district, an official statement had said earlier. Desai, however, clarified that the status quo does not mean cancellation of the MoUs relating to projects worth Rs 5,020 crore. The MoUs were signed last Monday under the Magnetic Maharashtra 2.0 investor summit, hours before the face-off took place. The three Chinese companies were to invest in projects in Talegaon, an industrial hub in Pune district, an official statement had said earlier. The central governments clear policy (decision) is awaited in the present condition in connection with the projects worth Rs 5,020 crore, the minister said.

Source: The Telegraph June 22, 2020 11:03 UTC