Unicaus NEWS
Industries Minister T.R.B. Rajaa on Wednesday alleged that each time Tamil Nadu secured investments, somebody someplace concocted a brand new conspiracy idea.
According to him, just a few politicians commonly select to forged aspersions on the State’s industrial progress. “Such claims are usually not solely unsubstantiated, but additionally ignore the numerous and demonstrable strides that the State remodeled the previous 4 years,” he stated.
According to knowledge shared by Mr. Rajaa, since 2021, Tamil Nadu has signed 1,016 Memorandum of Understandings (MoUs) involving a cumulative dedicated funding of ₹11.4 lakh crore, with employment potential of greater than 34 lakh jobs.
Land has been acquired for 809 of those initiatives, accounting for over 78% of all MoUs. These are at varied levels of implementation, together with industrial manufacturing, trial runs, partial operations and energetic building.
“We have all the time been clear about find out how to observe conversion of initiatives: it’s based mostly on the stage of the venture, as talked about. It is infantile to imagine that the whole funding quantity of the MoUs signed can be spent by the traders on day one. We have all the time stated that MoUs are funding “commitments”, and it’s, subsequently, absurd to imagine that every one the funding commitments introduced are equal to investments made instantly,” Mr. Rajaa stated.
“Only those that are clueless about how investments work make such ridiculous assumptions. Not understanding that funding MoUs are unfold over a number of years is laughable,” the Minister stated.
He categorically rejected allegations that Tamil Nadu’s conversion numbers are lower than what has been introduced. He added that such allegations have been pushed by outright ignorance; motivated by the need to undermine the progress of the individuals of Tamil Nadu, and for short-term political drama.
Hitting out on the political events elevating questions on the investments coming into the State, Mr. Rajaa stated: “While a few of these voices declare to champion Tamil Nadu’s industrial progress, they concurrently oppose land acquisition for industrial parks, and criticise the event of essential infrastructure akin to airports. Ironically, individuals who make such ignorant allegations themselves are falling for faux information — just like the one the place BYD was stated to be organising an ₹85,000 crore plant in Telangana – which BYD has denied outright. The identical individuals additionally fail to acknowledge that the Union Government’s personal knowledge identifies Tamil Nadu because the fastest-growing State in India, with a progress price of 11.19%, pushed in a big half by the manufacturing sector.”
As per Employees’ Provident Fund knowledge, the variety of registered staff has risen from 54 lakh in 2020–21 to almost 84 lakh in 2025–26, an addition of 30 lakh jobs, which signifies important employment progress within the formal sector alone, he added.
Published – November 20, 2025 01:07 am IST
