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PMK person Anbumani Ramadoss connected Wednesday alleged that lone 8.8% of the full concern of ₹11.32 lakh crore, arsenic claimed by the DMK government, had been made successful Tamil Nadu since 2021. He urged the authorities to merchandise a White Paper connected investments.
Releasing a booklet titled “DMK’s lies astir concern investments” successful Chennai, Dr. Anbumani claimed the DMK had been systematically lying astir investments to the people. “Of the 1,059 Memorandum of Understandings (MoUs) signed by the State government, 40% were simply expansions of the already existing mill units. Only 5% of the MoUs person been realised successful full.”
“The State authorities has been repeating the prevarication that 77% of ₹11,32,000 crore has been realised, and 80% of the MoUs signed successful 2024 Global Investors Meet has been realised. This is thing but ‘Goebbels propaganda’ by Chief Minister and Industries Minister,” helium said.
According to him, lone 5%-8% of the big-ticket investments specified arsenic Tata Power (₹70,800 crore), ACME Clean Tech (₹52,474 crore), Adani Group (₹42,768 crore), Singapore-based Semb Corp (₹36,238 crore), Petronas (₹30,000 crore), Singapore-based IGSS Innovative Global Solutions and Services (₹25,600 crore), CPCL (₹17,000 crore), and JSW (₹12,000 crore) person been realised. Highlighting Hwaseung Enterprise’s determination to permission Tamil Nadu for Andhra Pradesh, helium claimed the crushed wherefore companies were leaving the State was “corruption, commission, collection”.
He added: “Of the MoUs worthy much than ₹1,000 crore, not adjacent 1 has been implemented. For example, VinFast Group had said it would put ₹16,000 crore and supply 3,500 people, but invested lone ₹4,000 crore... but, it has promised to put implicit the adjacent 10-15 years. But, the DMK claims that ₹16,000 crores person been invested.”
He urged Chief Minister M.K. Stalin and Industries Minister T.R.B. Rajaa to clarify erstwhile a institution is investing for enlargement and erstwhile it is making a caller investment. “It seems they don’t cognize the quality betwixt the two. In 2021-22, the full worth of MoUs signed was ₹68,405 crore. Of this, 24 MoUs were much than ₹1,000 crore. A full of 9 companies invested lone 8%-15% of what they promised. They signed MoUs for ₹68,000 crore, but lone ₹10,000 crore has travel into Tamil Nadu. Similarly, successful 2022-23, of the 86 MoUs signed, 80 MoUs person not been implemented. Only ₹7,000 crore of a full of ₹1,67,000 crore investments person travel into Tamil Nadu,” helium said.
Chief Minister M.K. Stalin signed 66 MoUs during his circuit to overseas countries, specified arsenic Dubai, England, Spain, Singapore, Japan, Germany and United States, to pull investments. “The projected investments, which were to beryllium made successful Tamil Nadu, were astir ₹34,000 crore, and these were to make 47,650 jobs. What is comic is that not adjacent a azygous rupee of concern has travel into Tamil Nadu. He indispensable reply the people. Why did helium spell to these countries...wasting taxpayers’ money,” helium said.
He criticised the Union authorities for rejecting the State government’s connection to physique a Metro Rail strategy for Madurai and Coimbatore, and said the PMK would enactment unit connected the BJP.

6 months ago
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