6 months ago
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Industries Minister T.R.B. Rajaa connected Wednesday alleged that each clip Tamil Nadu secured investments, idiosyncratic determination concocted a caller conspiracy theory.
According to him, a fewer politicians regularly take to formed aspersions connected the State’s concern progress. “Such claims are not lone unsubstantiated, but besides disregard the important and demonstrable strides that the State made implicit the past 4 years,” helium said.
According to information shared by Mr. Rajaa, since 2021, Tamil Nadu has signed 1,016 Memorandum of Understandings (MoUs) involving a cumulative committed concern of ₹11.4 lakh crore, with employment imaginable of much than 34 lakh jobs.
Land has been acquired for 809 of these projects, accounting for implicit 78% of each MoUs. These are astatine assorted stages of implementation, including commercialized production, proceedings runs, partial operations and progressive construction.
“We person ever been wide astir however to way conversion of projects: it is based connected the signifier of the project, arsenic mentioned. It is childish to presume that the full concern magnitude of the MoUs signed would beryllium spent by the investors connected time one. We person ever said that MoUs are concern “commitments”, and it is, therefore, absurd to presume that each the concern commitments announced are adjacent to investments made immediately,” Mr. Rajaa said.
“Only those who are clueless astir however investments enactment marque specified ridiculous assumptions. Not knowing that concern MoUs are dispersed implicit respective years is laughable,” the Minister said.
He categorically rejected allegations that Tamil Nadu’s conversion numbers are little than what has been presented. He added that specified allegations were driven by outright ignorance; motivated by the tendency to undermine the advancement of the radical of Tamil Nadu, and for short-term governmental drama.
Hitting retired astatine the governmental parties raising questions connected the investments coming into the State, Mr. Rajaa said: “While immoderate of these voices assertion to champion Tamil Nadu’s concern growth, they simultaneously reason onshore acquisition for concern parks, and criticise the improvement of captious infrastructure specified arsenic airports. Ironically, radical who marque specified ignorant allegations themselves are falling for fake quality — similar the 1 wherever BYD was said to beryllium mounting up an ₹85,000 crore works successful Telangana - which BYD has denied outright. The aforesaid radical besides neglect to admit that the Union Government’s ain information identifies Tamil Nadu arsenic the fastest-growing State successful India, with a maturation complaint of 11.19%, driven successful a ample portion by the manufacturing sector.”
As per Employees’ Provident Fund data, the fig of registered workers has risen from 54 lakh successful 2020–21 to astir 84 lakh successful 2025–26, an summation of 30 lakh jobs, which indicates important employment maturation successful the ceremonial assemblage alone, helium added.
