Tamil Nadu Insists on ₹15,000 Crore Foxconn Investment Deal

Tamil Nadu Insists that its ₹15,000 crore investment agreement with global tech giant Foxconn remains valid and genuine despite reports suggesting otherwise. The controversy began when Foxconn, the world’s largest contract mobile manufacturer, reportedly stated that it had not made any new investment commitments in the state. However, the Tamil Nadu government quickly clarified that the project discussions have been ongoing for over a year and that the investment remains very much on track.

Industries Minister T.R.B. Rajaa confirmed that negotiations for the project were firmed up after long efforts. He reiterated that the investment is set to generate 14,000 high-value jobs in Tamil Nadu, primarily in value-added manufacturing, R&D, and AI-led technology sectors. According to him, these developments highlight Tamil Nadu’s growing importance in India’s technology and industrial landscape.

Tamil Nadu Insists the Project Will Create 14,000 Jobs Despite Foxconn’s Denial

The confusion began when Foxconn’s India Representative, Robert Wu, met with Chief Minister M.K. Stalin in Chennai. After the meeting, both leaders expressed optimism about the collaboration. Rajaa even posted on social media, announcing Foxconn’s ₹15,000 crore commitment and the creation of thousands of new jobs. But soon after, Foxconn’s clarification stating that “no new investments were discussed” led to public speculation and political criticism.

Officials close to the state government clarified that Foxconn does not consider this a new investment because discussions have been continuing for months. They further suggested that external factors, including trade tensions and global tariff concerns, may have influenced Foxconn’s cautious statement.

Tamil Nadu Insists the Discussions Were Year-Long and Genuine

Despite the confusion, Tamil Nadu Insists that the project will proceed as planned. The Industries Minister emphasized that the investment aligns with the state’s goal to attract advanced technology and manufacturing ventures. He also revealed plans to create a dedicated Foxconn desk under Guidance Tamil Nadu, an investment promotion agency that will facilitate the company’s operations in the state.

Chief Minister Stalin described the development as another example of the “Dravidian Model in action,” showcasing Tamil Nadu’s ability to lead South Asia in manufacturing and innovation. He emphasized the government’s commitment to building an ecosystem that attracts high-value investments and creates quality employment opportunities.

However, the issue quickly turned political. Opposition leaders from PMK and BJP accused the DMK government of misleading the public. PMK’s Anbumani Ramadoss called it “a bag of lies that got exposed in half a day,” while BJP’s Narayanan Thirupathy labeled it “a Dravidian lie and a shame for Tamil Nadu.”

Tamil Nadu Insists the State Remains a Key Hub for Global Manufacturing

Responding to these allegations, Rajaa dismissed the criticism as “childish” and urged political parties to understand the complexity of global business negotiations. He stated that bringing such large-scale investments to India involves navigating international economic and political challenges.

This is the #DravidianModel in action. Thank you @HonHai_Foxconn for choosing Tamil Nadu and shaping the future with us.

This marks another milestone in our journey to make Tamil Nadu the manufacturing and innovation hub of South Asia. https://t.co/ISNETulqBk

— M.K.Stalin – தமிழ்நாட்டை தலைகுனிய விடமாட்டேன் (@mkstalin) October 13, 2025

As the debate continues, Tamil Nadu Insists that its partnership with Foxconn will move forward and contribute significantly to the state’s economic growth. While the company’s clarification raised questions, the government maintains confidence that the project remains a major step toward strengthening Tamil Nadu’s industrial position in the global market. Also Read: Gov of India Remove the Mention of Caste: 5 Important Changes Affecting Citizens

Conclusion:
Despite the mixed signals, Tamil Nadu Insists that the ₹15,000 crore Foxconn investment is real and progressing. The state remains firm in its belief that this collaboration will enhance its reputation as a manufacturing powerhouse and create thousands of new opportunities for skilled professionals.