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Tata Group chairman N Chandrasekaran said that job creation in the manufacturing sector is essential for India to achieve its ambitions of becoming a developed nation.
Tata to create 500,000 manufacturing jobs in 5 years: N Chandrasekaran (Pic: Tata Sons)
New Delhi: The Tata Group will create 500,000 manufacturing jobs over the next five years, Chairman N Chandrasekaran said while speaking at a symposium organised by the Indian Foundation for Quality Management. Chandrasekaran said the jobs in the Tata Grpup will be spread across several sectors, including electric vehicles (EVs), semiconductors, batteries, and related industries.
The Tata Group chairman emphasised that India’s manufacturing sector needs to be more developed so that the country is able to achieve ots goal of becoming a developed nation. He noted that job creation is very crucial in the manufacturing sector, otherwise India would not achieve its ambitions of a “Viksit Bharat” .
Highlighting the facts, Chandrasekaran said that around 10 lakh people enter the workforce in India every month and that’s the reason that creation in manufacturing becomes essential for the country’s future growth.
He further explained that if 1 million people enter the workforce every month in India, then there is a need to create 100 million jobs. Giving the example of semiconductor industry, Chandrasekaran stated that if one direct job is created, the job leads to 8 to 10 indirect jobs.
The Tata Group chairman said that ‘This is India’s moment’ and with the government supporting the momentum for manufacturing is there. He said that Tata Group’s pace of starting projects as is unbelievable. He gave the examples of the Tata’s plants in Dholera for Semiconductor, the battery plant, the electric vehicle plant.
Chandrasekaran emphasised on setting up at least 500 to 1,000 small and medium scale companies order to create manufacturing jobs on a large scale.
“But if you have to deliver all of this, unless we create a movement where we create a culture across the board to hire people, train people, and integrate the customer expectation of quality–process quality, people quality–we’ll not be able to deliver,” Chandrasekaran was quoted by Money Control.
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