With Focus On Semiconductors And Electric Vehicles, Tata Aims To Create 5 Lakh Manufacturing Jobs In Next Five Years

Tata Group plans to generate 5 lakh manufacturing jobs over the next five years in sectors including semiconductors, electric vehicles, batteries, and related industries, Chairman N Chandrasekaran announced on Tuesday (15 October).

Speaking at a symposium of the Indian Foundation for Quality Management, the Tata Sons Chairman asserted that India cannot achieve the goals of being a developed nation if the country cannot create manufacturing jobs.

Tata Group aims to achieve this ambitious target through massive investments in Semiconductor Plants, Assembly lines, units of Electric Vehicles and their batteries, etc.

"Between our (Tata Group) investments in semiconductors, precision manufacturing, assembly, electric vehicles, batteries, and related industries, I think we will create five lakh manufacturing jobs in the next five years," Chandrasekaran said.

Citing the Tata group's upcoming semiconductor plant in Assam and other new manufacturing units for electric vehicles and batteries, he said, "We are setting up a number of plants."

He noted that these jobs will have a significant multiplier effect which is necessary to meet the employment needs of the growing workforce from the setting up of numerous Small and Medium-sized companies.

“A job in semiconductor—every one direct job creates eight indirect jobs,” he said. He also acknowledged the government's crucial support in driving these initiatives.

"This is India’s moment. Momentum (for manufacturing) is there, and the government is giving the push. The pace at which we started our projects as a group is unbelievable," he continued.

Chandrasekaran also emphasised the need for a "movement" to create a "culture of quality" across the board and ensure that an integrated approach is taken to the quality of people, processes, and ecosystems.

“Whether it is components or full-scale manufacturing, we need to intervene in all three dimensions: process, people, and ecosystem. It should be a movement", he said.

"We cannot achieve the goals of Viksit Bharat if we cannot create manufacturing jobs, because we all know 1 million people are coming to the workforce every month," Chandrasekaran said.

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