Over the next five years, the Tata Group plans to implement projects that will generate over 500,000 new manufacturing jobs.
N. Chandrasekaran, the chairman of Tata Sons, informed the staff of this information in a New Year’s message, “Our group is planning to create 500,000 manufacturing jobs over the next half-decade.”
Tata Group Announces 500,000 Jobs In The Next Half Decade
Investments in the group’s factories and projects throughout India will create these jobs.
Producing cutting-edge goods like batteries, semiconductors, electric cars, solar equipment, and other essential hardware will be the main goal of the investments.
In addition to manufacturing jobs, the Tata Group will also generate employment in industries like retail, tech services, aviation, and hospitality.
The group’s efforts in the field of artificial intelligence (AI) were mentioned by Chandrasekaran.
More than seven new manufacturing facilities are being built by the Tata Group, including the first semiconductor plant in India, located in Dholera, Gujarat, and an OSAT semiconductor plant in Assam.
Additional new facilities include a new MRO plant in Bengaluru, Karnataka; an electronics assembly plant in Narsapura, Karnataka; and an automotive plant in Pannpakkam, Tamil Nadu.
Tata To Establish New Battery Cell Manufacturing Facilities in UK and Gujarat
Additionally, the group plans to establish new battery cell manufacturing facilities in Somerset, UK, and Sanand, Gujarat.
Tata Group has inaugurated the C295 final assembly line (FAL) in Vadodara, Gujarat, and started solar module production in Tirunelveli, Tamil Nadu.
Chandrasekaran expressed excitement about the prospects in manufacturing and artificial intelligence, which he thinks will propel social advancement and economic opportunity.
He said, “Such steps are encouraging for our group and for India, but more importantly, they give hope to the ten lakh youths who join our workforce every month. Fortunately, manufacturing has powerful multiplier effects. In sectors like semiconductor manufacturing, there are numerous opportunities for indirect jobs.”
He underlined that these actions give the ten lakh young people who enter the workforce each month hope.
Because of its multiplier effects, manufacturing is predicted to generate indirect job opportunities, especially in industries like semiconductor manufacturing.
Global supply chains are moving their headquarters to India, Chandrasekaran noted, providing additional economic opportunities.
