I had same issue while creating new spring project in eclipse using Maven.
The main reason for this issue is that the proxy settings was not there.
I used the following approach to reslove it:
1) create settings.xml with the below content
<settings xmlns="http://maven.apache.org/SETTINGS/1.0.0"
xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
xsi:schemaLocation="http://maven.apache.org/SETTINGS/1.0.0
https://maven.apache.org/xsd/settings-1.0.0.xsd">
<localRepository/>
<interactiveMode/>
<usePluginRegistry/>
<offline/>
<pluginGroups/>
<servers/>
<mirrors/>
<proxies>
<proxy>
<active>true</active>
<protocol>http</protocol>
<host>Your proxy</host>
<port>Your port</port>
</proxy>
</proxies>
<profiles/>
<activeProfiles/>
</settings>
2) Save the settings.xml file under local C:\Users\<<your user account>>\.m2
3) Then Right click project pom.XML in eclipse and select "Update Project". It always give precedence to settings.XML