New Delhi: Tata Group Plans to create more than half a million new manufacturing jobs Tata Sons chairman says projects in the next five years Chandrasekaran In his New Year’s message to the group’s employees.
“Our group plans to create 500,000 manufacturing jobs in the next five years.” Chandrasekaran said these jobs will come from the group’s investment in factories and projects to produce new era products Such as batteries, semiconductors, electric vehicles, solar equipment and other critical hardware,” said N Chandrasekaran.
The money comes in part from the aforementioned investments in facilities across India—factories and projects that produce batteries, semiconductors, electric vehicles, solar equipment and other critical hardware destined to play a central role in the future economy.
In addition to these manufacturing jobs, the group will create jobs in service industries such as retail, technology services, aviation and hospitality.
Chandrasekaran highlighted the group’s initiatives in the field of artificial intelligence. Construction of more than seven new manufacturing plants has begun, including India’s first semiconductor plant in Dholera, Gujarat, and a new semiconductor OSAT plant in Assam.
It has an electronics assembly plant in Narasapura, Karnataka, an automotive plant in Panapakam, Tamil Nadu, and a new MRO plant in Bengaluru, Karnataka. He said the Tata Group will also set up a new battery manufacturing plant in Sanand, Gujarat, and Somerset, UK.
The group has opened its C295 final assembly line (FAL) in Vadodara, Gujarat, and started manufacturing solar modules in Tirunelveli, Tamil Nadu.
Tata Sons chairman expressed his enthusiasm for artificial intelligence (AI) and the upcoming opportunities in manufacturing.
“These initiatives are exciting for our group and for India, but more importantly they give hope to the one million young people entering our workforce every month. Thankfully, manufacturing has strong multiplier effect; indirect employment opportunities from the following industries: Semiconductor manufacturing It’s substantial,” he said.
“Artificial intelligence and manufacturing are two areas where economic opportunity and social progress come together,” he added.
N Chandrasekaran stressed that global supply chains are shifting their foundations in India’s favour, as the world’s largest companies strike a new balance between resilience and efficiency.
“Amid continued geopolitical instability, the tide has tilted firmly towards resilience and India, with our large talent pool and growing manufacturing capabilities, is poised to benefit,” he added, saying the group’s retail companies will Continue to expand.
