BJP accuses Tamil Nadu government of losing Rs 1,614 crore in investments

Tamil Nadu BJP state president Nainar Nagenthran has accused the ruling TVK government, led by Chief Minister C. Joseph Vijay, of failing to secure industrial investments worth Rs 1,614 crore. The BJP leader alleged that three South Korean companies, Hwashin, Seoyon, and Iwamet, chose to establish manufacturing facilities in Andhra Pradesh’s Anantapur district instead of Tamil Nadu, despite reportedly holding preliminary discussions with Tamil Nadu authorities.

The three companies, which serve automobile manufacturers Hyundai and Kia, have signed memorandums of understanding with the Andhra Pradesh government. These projects are expected to create approximately 1,418 jobs. Nagenthran criticized Industries Minister S. Keerthana, suggesting the government prioritized the Chief Minister’s overseas visits and publicity over effective industrial negotiations.

In a separate allegation, Nagenthran demanded an investigation into a reported Rs 5-crore bribe offer. He questioned why Minister Rajmohan had not reported or identified an individual who allegedly offered the sum through the chairman of the Tamil Nadu Textbook and Educational Services Corporation to secure a chairmanship for the Tamil Nadu Eyal Isai Nataka Manram.