6 months ago
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Chief Minister M.K. Stalin connected Tuesday (November 25, 2025) countered claims that Tamil Nadu was losing imaginable investments to different States.
“Those who are spreading mendacious accusation that investments are going to different States are doing truthful due to the fact that they cannot carnivore seeing the maturation of Tamil Nadu and the investments it has received successful the past 4 years. The State is attracting investments amid aggravated contention from different States and adjacent countries specified arsenic Vietnam and Thailand,” helium said astatine the TNRising Conclave successful Coimbatore.
The Chief Minister said the investments that travel to Tamil Nadu are those that would payment the State and make jobs. “There is simply a absorption connected each district,” helium said.
At the conclave, 111 memoranda of knowing (MoUs) were signed for cumulative investments worthy ₹42,792 crore, and 47 MoUs were signed by micro, small, and mean enterprises to bring successful investments worthy ₹1,052 crore. Some of the large investors are Lakshmi Machine Work (₹1,050 crore), CRI Pumps (₹2,060 crore), Sakthi Aircraft Industry (₹500 crore), and Propel (₹650 crore).
Mr. Stalin said a ample fig of companies take Tamil Nadu for investments owing to the availability of a skilled workforce, transparency, cordial concern environment, and instrumentality and order. “Those who bash not similar to spot the maturation of Tamil Nadu are giving mendacious numbers and quality astir the State for governmental reasons,” helium said.
Conversion complaint
He said Tamil Nadu had 62,413 companies earlier his party, the DMK, came to powerfulness successful 2021, but now, determination were 79,135 companies successful the State. “Other States behaviour capitalist summits and motion MoUs. When capitalist summits are held successful Tamil Nadu, the conversion complaint is 80%, which is acold higher than that of different States,” helium said.
Mr. Stalin said that erstwhile helium visited the U.S., the UAE, Singapore, Germany and the U.K., helium met apical industrialists and invited them to put successful Tamil Nadu. In 17 capitalist summits conducted successful the past 4 years, 1,016 MoUs were signed — 2.5 times much than the agreements signed by the erstwhile government. These MoUs will bring investments worthy ₹11.40 lakh crore and make 34 lakh direct and indirect jobs. The authorities besides supported innovative ideas of the youth, and held the Startup Summit successful Coimbatore last twelvemonth that drew participants from much than 45 countries. The State present had 12,663 startups, erstwhile compared to 2,146 startups successful May 2021, helium said.
Mr. Stalin said the Tamil Nadu authorities was providing incentives to enactment innovation and marque the State a superior for probe and development. There was besides a strategy to enactment probe and development.
He assured the industries successful Coimbatore that his authorities would ever enactment for their growth. The Coimbatore region supported the DMK in the Lok Sabha election, and should bash truthful successful the adjacent Assembly election, helium said.
Minister for Industries T.R.B. Rajaa told the media that TNRising meetings were held successful Thoothukudi and Hosur, and 1 would beryllium held successful Madurai soon. There volition beryllium different large concern soon for Coimbatore. The uniqueness astir the TNRising Conclave successful Coimbatore is the ample fig of investments from the section industries. “This indicates the increasing spot of the determination industries successful the government. They are self-made industries, and were reluctant to attack the government. Now, that has been addressed. Technical textiles is taking disconnected successful the State with MoUs signed for that,” helium said.
