DMK president M. Karunanidhi on Thursday alleged that only 5.64 per cent of the total investment agreements concluded during the AIADMK regime had been realised in the last four years even as he termed the Global Investors Meet a mere advertisement measure ahead of the 2016 Assembly elections.
In a letter to the party cadre, Mr. Karunanidhi said the State government had in the past claimed to have clinched MoUs in which companies committed huge sums of money.
However, between 2011 and 2015 July, only 5.64 per cent of the committed investments had been realised.
“The big gap between committed and realised investments was due to lack of sufficient quality infrastructure like electricity, drinking water and transport and the industrial policy and bureaucratic structure not being investor friendly,” he claimed.
He wondered what positive effect the meet would have given that the AIADMK government had not followed the right method to attract investments in the last four years.
“Between 2011 and 2015 July, only 5.64 per cent of the committed investments had been realised”
Published - September 11, 2015 12:00 am IST
