In a significant boost to India’s manufacturing sector, Tata Group has announced plans to create 500,000 jobs in the next five years. This massive employment drive will span across various sectors, including semiconductors, electric vehicles, batteries, and related industries .
According to N Chandrasekaran, Chairman of Tata Sons, these manufacturing jobs are crucial for India’s development goals. “We cannot achieve the goals of Viksit Bharat if we cannot create manufacturing jobs,” he emphasized, highlighting the need for 100 million new jobs.
A new plant is being set up with an investment of Rs 27,000 crore, creating 48 million chips per day for electric vehicles, consumer electronics, and automotive applications. Tata Group is investing in greenfield vehicle manufacturing facilities and battery manufacturing plants, including a 20 GWh battery manufacturing plant in Gujarat. The group is focusing on precision manufacturing and assembly, creating new opportunities for employment.
Chandrasekaran stressed that these jobs will have a multiplier effect, with small and medium-scale companies emerging in the ecosystem. He acknowledged the government’s support in these initiatives and emphasized the importance of new-age manufacturing, such as semiconductors, which creates eight to ten indirect jobs for every single job created.
This ambitious plan is expected to provide a significant boost to India’s manufacturing sector, contributing to the country’s growth and development. The Group is one of India’s largest and most respected multinational conglomerates, with a diverse portfolio spanning industries such as steel, automobiles, information technology, telecommunications, hospitality, and consumer goods.
Founded in 1868 by Jamsetji Tata, the group is headquartered in Mumbai and operates in over 100 countries across six continents. With iconic companies like Tata Steel, Tata Motors, Tata Consultancy Services (TCS), and Tata Power under its umbrella, the group is known for its commitment to innovation, sustainability, and ethical business practices.
The Group has played a significant role in shaping India’s industrial landscape and is recognized globally for its contributions to various sectors, its strong corporate social responsibility initiatives, and its emphasis on community development. The group remains a symbol of trust, quality, and leadership in the global business arena.
