Tata Group To Create 5 Lakh Manufacturing Jobs In Next 5 Years
The jobs will be created across sectors such as semiconductors, electric vehicles, and battery production
The Tata Group is set to create 5,00,000 manufacturing jobs in the next five years across sectors such as semiconductors, electric vehicles, and battery production, announced Chairman N Chandrasekaran at the Indian Foundation for Quality Management (IFQM) symposium. Chandrasekaran emphasised that job growth is essential for India's economic advancement, particularly as the country becomes a global leader in human resources with its youthful population.
He highlighted India's rising per capita income and ongoing growth momentum, which will further drive demand for quality products and services. The Tata Group is investing heavily in sectors like precision manufacturing and semiconductors, including a new facility in Assam, and expects a substantial multiplier effect, anticipating that 5,00,000 small and medium-scale enterprises (SMEs) will emerge in the ecosystem.
Chandrasekaran stressed the importance of manufacturing jobs, pointing out that one million people enter the Indian workforce every month. He also highlighted that achieving India’s development goals, such as Viksit Bharat (Developed India), requires creating jobs, especially in new-age sectors like semiconductors, which generate multiple indirect jobs for every direct one.
