PMK leader Anbumani Ramadoss releasing the booklet “DMK’s lies about industrial investments” at a press conference in Chennai.
| Photo Credit: S.R. RAGHUNATHAN
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PMK leader Anbumani Ramadoss on Wednesday alleged that only 8.8% of the total investment of ₹11.32 lakh crore, as claimed by the DMK government, had been made in Tamil Nadu since 2021. He urged the government to release a White Paper on investments.
Releasing a booklet titled “DMK’s lies about industrial investments” in Chennai, Dr. Anbumani claimed the DMK had been systematically lying about investments to the people. “Of the 1,059 Memorandum of Understandings (MoUs) signed by the State government, 40% were merely expansions of the already existing factory units. Only 5% of the MoUs have been realised in full.”
“The State government has been repeating the lie that 77% of ₹11,32,000 crore has been realised, and 80% of the MoUs signed in 2024 Global Investors Meet has been realised. This is nothing but ‘Goebbels propaganda’ by Chief Minister and Industries Minister,” he said.
According to him, only 5%-8% of the big-ticket investments such as 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) have been realised. Highlighting Hwaseung Enterprise’s decision to leave Tamil Nadu for Andhra Pradesh, he claimed the reason why companies were leaving the State was “corruption, commission, collection”.
He added: “Of the MoUs worth more than ₹1,000 crore, not even one has been implemented. For example, VinFast Group had said it would invest ₹16,000 crore and provide 3,500 people, but invested only ₹4,000 crore… but, it has promised to invest over the next 10-15 years. But, the DMK claims that ₹16,000 crores have been invested.”
He urged Chief Minister M.K. Stalin and Industries Minister T.R.B. Rajaa to clarify when a company is investing for expansion and when it is making a new investment. “It seems they don’t know the difference between the two. In 2021-22, the total value of MoUs signed was ₹68,405 crore. Of this, 24 MoUs were more than ₹1,000 crore. A total of 9 companies invested only 8%-15% of what they promised. They signed MoUs for ₹68,000 crore, but only ₹10,000 crore has come into Tamil Nadu. Similarly, in 2022-23, of the 86 MoUs signed, 80 MoUs have not been implemented. Only ₹7,000 crore of a total of ₹1,67,000 crore investments have come into Tamil Nadu,” he said.
Chief Minister M.K. Stalin signed 66 MoUs during his tour to foreign countries, such as Dubai, England, Spain, Singapore, Japan, Germany and United States, to attract investments. “The proposed investments, which were to be made in Tamil Nadu, were approximately ₹34,000 crore, and these were to create 47,650 jobs. What is funny is that not even a single rupee of investment has come into Tamil Nadu. He must answer the people. Why did he go to these countries…wasting taxpayers’ money,” he said.
He criticised the Union government for rejecting the State government’s proposal to build a Metro Rail system for Madurai and Coimbatore, and said the PMK would put pressure on the BJP.
Published – November 20, 2025 01:03 am IST
