Foxconn Denies ₹15,000 Crore Tamil Nadu Investment Announcement as State Stands Firm on Deal: Report

Taiwan-based contract manufacturing giant Foxconn has clarified that no new investment plans were discussed during recent meetings with the Tamil Nadu government, contradicting announcements by State Industries Minister TRB Rajaa claiming the company had committed ₹15,000 crore and 14,000 jobs to the state, as report by The Times of India.

"Foxconn's newly appointed India Representative, Robert Wu, had an exchange with the Tamil Nadu Chief Minister's Office and his team. During the meeting, no new investments were discussed," Foxconn was quoted as saying in a statement.

Minister Doubles Down

Despite Foxconn's clarification, Minister Rajaa maintained his position, insisting the investment commitment remains valid.

"It is 100 per cent true," the minister said, reacting to PMK leader Dr Anbumani Ramadoss' post on 'X', claiming that the news is "false".

Political Controversy Erupts

The minister accused political opponents of exploiting employment opportunities for partisan gain. "Whenever job opportunities are assured for Tamil Nadu's youth and good things happen, some people have made it a habit to play politics with those employment opportunities due to political prejudice," the minister said in a post on 'X'.

"In today's global political climate, bringing an investment into India is incredibly difficult. Without understanding the various geopolitical issues involved, he (Dr Anbumani) must stop issuing these politically prejudiced and childish statements," the minister said.

He added that these are job opportunities that have been secured after nearly a year of struggle.

Rajaa had taken to X to announce the purported deal earlier, stating: "Largest ever #engineering #JobsForTN commitment for Tamil Nadu! #Foxconn commits Rs 15,000 crore in investments and 14,000 high value jobs! Engineers get ready!"

According to The Times Of India report published on Tuesday, Taiwan's Hon Hai Technology Group, commonly known as Foxconn, was said to have pledged investment in multiple manufacturing facilities across Tamil Nadu.

Though official project specifications remain under wraps, sources quoted by the report indicated the electronics giant's investment portfolio will likely include electric vehicle (EV) battery manufacturing alongside other advanced technology products.