Five aircraft, four helicopters and 15 Coast Guard ships were trying to locate and rescue the missing fishermen, he told a public meeting here.
Palaniswami said he had spoken to the prime minister and Home Minister Rajnath Singh and they promised all help to rescue the fishermen.
"All steps are being taken expeditiously and the Amma's (Jayalalithaa's) government will rescue all the (stranded) fishermen safely," he said adding that there was no need for any apprehension and the government was a friend of the fishermen.
Hitting out at DMK working chief M K Stalin for "deliberately spreading lies" on the rescue operations, he alleged the main opposition party was falsely claiming that "fishermen are not rescued...it is a false information."
Deputy Chief Minister O Paneerselvam was leading a team of ministers to take stock of the damage caused by the cyclone and also monitor rescue operations, he said.
On getting the 'two leaves' symbol, he said "If we stand united as a party, then not just the RK Nagar bypoll, but we can win all elections in Tamil Nadu."
He reiterated that the recent death of software engineer Raghupathy here was not caused by an arch put up for today's function but claimed it was due to a lorry.
Raghupathy had died on November 25 after falling off his bike after allegedly hitting a wooden structure erected for the MGR Centenary and run over by a heavy vehicle.
Criticising erection of arches and banners for the MGR centenary, Stalin had said the state government should take responsibility for the accident.
A few photographs of the arches and cutouts allegedly put up then were shown on a digital screen on the stage.
"When we put up banners they cannot digest, but we have to tolerate, if they do it," he claimed.
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