Tamil Nadu Chief Minister MK Stalin at the TNRising conclave in Coimbatore on Tuesday. At the event, 111 MoUs were signed for cumulative investments worth ₹42,792 crore and 47 MoUs were signed by micro, small and medium enterprises to bring in investments worth ₹1,052 crore. | Photo credit: M. PERIASAMY
Chief Minister MK Stalin on Tuesday (Nov 25, 2025) countered by saying Tamil Nadu was losing potential investment to other states.
“Those who are spreading false information that investment is going to other states are doing so because they cannot bear the growth of Tamil Nadu and the investment it has received in the last four years. The state is attracting investment amid strong competition from other states and even countries like Vietnam and Thailand,” he said at the TNRising Conclave in Coimbatore.
The Chief Minister said that the investments that are coming to Tamil Nadu are those that would benefit the state and create jobs. “There’s a focus on every district,” he said.
At the conclave, 111 memorandums of understanding (MoUs) were signed for cumulative investments worth ₹42,792 crore and 47 MoUs were signed by micro, small and medium enterprises to bring in investments worth ₹1,052 crore. Some of the major 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 that a large number of companies are choosing Tamil Nadu for investment because of the availability of skilled manpower, transparency, cordial business environment and law and order. “Those who don’t like to see the growth of Tamil Nadu are quoting fake numbers and reports about the state for political reasons,” he said.
Conversion ratio
He said Tamil Nadu had 62,413 companies before his party DMK came to power in 2021 but now there are 79,135 companies in the state. “Other states hold investor summits and sign MoUs. When investor summits are held in Tamil Nadu, the conversion rate is 80%, which is much more than other states,” he said.
Mr. Stalin said that when he visited the US, UAE, Singapore, Germany and the UK, he met top industrialists and invited them to invest in Tamil Nadu. At 17 investor summits held in the last four years, 1,016 memoranda of understanding were signed – 2.5 times more than the agreements signed by the previous government. These MoUs will bring in investments worth ₹11.40 crore and create 34 million direct and indirect jobs. The government has also encouraged the innovative ideas of the youth and organized the Startup Summit in Coimbatore last year which attracted participants from over 45 countries. The state now has 12,663 startups compared to 2,146 startups in May 2021, he said.
Mr. Stalin said the Tamil Nadu government was providing incentives to promote innovation and making the state a research and development capital. There was also a program to support research and development.
He assured the industry in Coimbatore that his government would always work for their growth. The Coimbatore region supported the DMK in the Lok Sabha elections and should do so in the next assembly elections, he said.
Industries Minister TRB Rajaa told the media that TNRising meetings were held in Thoothukudi and Hosur and one would soon be held in Madurai. Another big investment is coming soon in Coimbatore. The uniqueness of the TNRising conclave in Coimbatore lies in the large amount of investment from local industries. “This shows the growing confidence of the regional industries in the government. They are self-manufacturing industries and were reluctant to approach the government. Now that has been resolved. Technical textiles are being developed in the state with MoUs signed,” he said.
Published – 25 Nov 2025 22:24 IST
