Vandalism on Indian troops in the Galvan Valley (India-China clash) is going to be very expensive for China. The #BoycottChina campaign is coming in its color now. The big businessmen of the country are also joining this campaign. JSW Group, a trading company in various sectors, has decided to bring imports of $ 400 million (about 3000 crore) from China to zero in the next 24 months amidst ongoing tension on the border.
Partha Jindal announced by tweeting
Partha Jindal, managing director of JSW Cement, a subsidiary of the group’s group, said they took the decision due to the recent confrontation between Indian and Chinese troops in the Galvan Valley. The $ 14 billion JSW Group is owned by Parth’s father Sajjan Jindal. The group deals in core sectors such as steel, energy, cement and infrastructure.
Chinese imports of $ 400 million annually
Partha said in a tweet that the JSW Group imports $ 400 million annually from China. It has now been decided to discontinue it. He said with #BoycottChina, ‘The unprovoked attack on our jawans by Chinese soldiers is eye-opening and shows the need for clear action. We (JSW Group) annually import net $ 400 million from China. We pledge to bring it down to zero in the next 24 months. A company official estimated that 70–80 per cent of imports for the company’s steel and energy business, including machinery and maintenance equipment.
All tenders canceled
All efforts are being made by the Indian government to stop China. Nitin Gadkari said on Wednesday that the Chinese company will no longer get highway projects. If there is currently a Chinese company in a project, then the tender will be canceled and the tender will be issued again. Apart from this, BSNL has canceled the 4G upgrade tender. Railways have canceled the tender of thermal cameras. Tender for Patna Patna bridge bridge construction has been canceled in Bihar. Apart from this, dozens of tenders have been canceled in different states, in which Chinese companies have invested.