Tata Sons Chairman, N. Chandrasekaran, revealed the Tata Group’s plan to create 500,000 manufacturing jobs over the next five years. This announcement came during the Indian Foundation for Quality Management (IFQM) symposium, where Chandrasekaran highlighted the significant investments Tata is making in various sectors, including semiconductors, electric vehicles, batteries, and precision manufacturing.
Investments in Semiconductors and Electric Vehicles
Chandrasekaran emphasized that these job opportunities will arise from the Tata Group’s investments in cutting-edge industries. He pointed out that Tata is establishing a semiconductor facility in Assam and several other manufacturing plants across the country. These investments are part of a broader strategy to tap into emerging sectors that are expected to play a crucial role in India’s industrial future.
The Need for Manufacturing Jobs
Chandrasekaran stressed that India cannot achieve its development goals without expanding the manufacturing sector. With one million people entering the workforce monthly, there is an urgent need to create job opportunities, particularly in manufacturing. He believes that sectors like semiconductors are essential, as they create multiple indirect jobs for each direct position.
Multiplier Effect on the Economy
He projected that the jobs created by Tata’s investments would have a multiplier effect on the economy, leading to the emergence of 500,000 small and medium-scale enterprises. This, in turn, would support broader job growth and contribute to India’s economic momentum.
Building a ‘Viksit Bharat’
Chandrasekaran concluded by reiterating that Tata’s vision for a developed India (Viksit Bharat) goes beyond economic growth. It includes improving social equality, healthcare, and quality of life for all citizens. With rising per capita incomes and growing demand for products and services, the Tata Group aims to be at the forefront of both economic and social progress in India.
