Tata Group’s Ambitious Plan: 500,000 New Jobs for a Developed India

The Tata Group aims to create 500,000 manufacturing jobs over the next 5 years in sectors like semiconductors, electric vehicles, and battery production, as stated by chairman N Chandrasekaran on Tuesday. 

He mentioned that to boost our economy, we need to increase job opportunities. With a large youth population, we can become the world’s resource for skilled workers,during his speech at the Indian Foundation for Quality Management (IFQM) symposium.

He stated that the country is experiencing growth, and people’s incomes are increasing. As a result, the demand for products and services will continue to rise. He emphasised the need for better quality services nationwide. With our investments in semiconductors, precision manufacturing, assembly, electric vehicles, batteries, and related industries, we aim to create 500,000 manufacturing jobs in the next 5 years, he said.

Chandrasekaran mentioned the group’s new semiconductor facility in Assam and other upcoming manufacturing units, noting that they are setting up several plants. Although he didn’t provide exact details, he indicated that these jobs would create additional opportunities based on basic estimates. He expects that at least 500,000 small and medium-sized companies will emerge in this ecosystem.

He recognised the government’s support and highlighted the importance of creating jobs in the manufacturing sector. He pointed out that India cannot meet its development goals without generating manufacturing jobs, especially with one million people entering the workforce every month.

He mentioned that we can’t reach the goals of a developed India (Viksit Bharat) without creating manufacturing jobs, especially since 1 million people enter the workforce each month. Chandrasekaran emphasised the need to create 100 million jobs. He pointed out that new manufacturing sectors, like semiconductors, generate 8 to 10 indirect jobs for every direct job created.

He also mentioned that a developed India should focus not only on economic growth but also on achieving social equality, improving health, and enhancing the quality of life for its citizens.

About Tata Group

The Tata Group is a large Indian company based in Mumbai, founded in 1868. It is the biggest conglomerate in India, offering products and services in more than 150 countries and operating in 100 countries. Some of its major subsidiaries include Tata Consultancy Services, Tata Motors, Tata Steel, Tata Power, Titan, Tata Projects, Air India, Indian Hotels Company, Tata Consumer Products, Voltas, Trent, Cromā, and BigBasket, as well as partnerships with retailers like Zara and Starbucks.

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