India is moving rapidly towards economic action against China. First 59 Chinese apps were banned. Now the entry of Chinese companies will also be stopped in the highway project. Transport Minister Nitin Gadkari said on Wednesday that India will stop the entry of Chinese companies in highway projects.
Entry will also be seen through the route of joint venture
Gadkari said that if a Chinese company tries to enter highway projects through joint ventures, then that too will be stopped. Apart from this, he said that the government will also ensure that Chinese investors are not entertained in the MSME sector.
The new policy will be implemented soon
Gadkari said that soon a policy will be brought on the basis of which the entry of Chinese companies will be closed and rules will be made easier for Indian companies. Indian companies should get maximum chance of participation, this aspect will be kept in mind while making policy.
If there is a Chinese venture, then the tender will be canceled
Regarding the current Chinese investment in highway projects, Gadkari said that there are only a few projects which include Chinese investment. In such a situation, he said about the current issue tender that if there is a Chinese venture, the tender process will be adopted again. Regarding the new rule, he said that it will apply to the current and upcoming tenders.
Rules will be made easier for Indian companies
Gadkari said that we have decided that rules have been simplified to give Indian companies a better chance in highway projects. For this, a joint meeting of the highway secretary and NHAI will be held, in which the technical and financial norms will be made easy regarding the tender. He clearly stated that the rules will be made in such a way that Indian companies do not have to resort to foreign companies to get the tender.
Tender Cancellation of Mega Bridge Project
Furthering the Boycott China Campaign, it has canceled the tender for a mega bridge project on the Ganga River in Bihar as it involves Chinese companies. This information was given by an official. This mega bridge was to be built near Mahatma Gandhi Setu on the Ganges River in Patna. The cancellation of the tender for the bridge was also confirmed by Road Construction Minister Nand Kishore Yadav in the Bihar government. He said that two of the four contractors selected for the project were partners in China.
471 crore contract was canceled
After the Galvan Valley incident, Indian Railways was the first to take a big decision under the #BoycottChina campaign. He had canceled the contract of Rs 471 crore received by the Chinese company. The railway had canceled a contract awarded to the Beijing National Railway Research and Design Institute of Signal and Communication Limited (Beijing National Railway Research and Design Institute of Signal and Communication Group) of China. The incident is dated 18 June. A violent skirmish took place in the Galvan Valley on 16 June, in which 20 Indian soldiers were killed.
417 km long railway corridor was contracted
Beijing National Railway Research and Design Institute got the contract to make Kanpur-Deen Dayal Upadhyay (DDU) section. It is about 417 km long corridor. The project was worth Rs 471 crore. This contract was awarded in 2016. The contract was canceled by the Railways citing the reasons why the work was not accelerating in four years.