Will create five lakh jobs in five yrs: Tata Chairman

Tata Group would create 5 lakh manufacturing jobs in the next five years across sectors such as semiconductor, electric vehicles, battery and related industries, its Chairman N Chandrasekaran said on Tuesday.

Speaking at a symposium of Indian Foundation for Quality Management, the Tata Sons Chairman said India could not achieve the goals of being a developed nation, if it could create manufacturing jobs.

“Between our investments in semiconductors, our investment in precision manufacturing, assembly, electric vehicles, batteries and related industries, I think we will create five lakh manufacturing jobs in the next five years,” he said.

Citing the group’s upcoming semiconductor plant in Assam and other new manufacturing units for electric vehicles and battery, he said, “We are setting up a number of plants”.

While he has not got the full details, Chandrasekaran said based on ‘basic math’, these jobs would have multiplier effects.

He acknowledged the government’s support in these initiatives and stressed on the need for creating jobs in the manufacturing sector.

“We cannot achieve the goals of Viksit Bharat if we cannot create manufacturing jobs, because we all know one million people are joining the workforce every month,” he said.