Thriam
OEM Play Store
Tata Group to create 5 lakh manufacturing jobs in five years

Tata Group to create 5 lakh manufacturing jobs in five years

By October 16, 2024 2:35 pm IST

With the growing ecosystem set up, N Chandrasekaran said a minimum of 5 lakh companies would emerge creating many indirect job prospects as well.

The Tata Group plans to create 500,000 manufacturing positions in the next five-year period across various industries, such as semiconductors, electric vehicles, and battery production, according to the statement of the chairman, N Chandrasekaran at a symposium of the Indian Foundation for Quality Management. The details in this affair are unavailable, he suggested that these jobs would have multiplier effects based on basic calculations. He anticipates that at least 500,000 small and medium-scale companies would emerge in the ecosystem.

Chairman pointed that 1 million people are coming to the workforce every month and India cannot achieve the goals of being a developed nation if the country cannot create manufacturing jobs. Chandrasekaran further said, “We need to create 100 million jobs.” He asserted the significance of new-age manufacturing like semiconductors, which creates eight to ten indirect jobs for every single job created.

Advertising

Your future advertising space? Our media data

“In order to achieve economic growth, we need to achieve job growth…With a large number of youth, we will be the human resource capital of the world,” he stated.

The group is establishing a semiconductor plant in Assam and other new manufacturing units for electric vehicles and batteries. The chairman mentioned that the country has growth momentum and per capita incomes are rising. Therefore, the demand for products and services will keep growing, he noted. There is a need to provide services at better quality all across the nation, he stated.

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

webinar

Do you want to advertise here? Contact us

Mototech25 Pune

Events

LWOP
IFAT India 2025
India Manufacturing Show
4th IFFE EXPO 2025
Auto EV Bharat 2025
Laser Engineering Technology Expo
Factory Automation Expo 2025
Clean India Show 2025
17th ENGIMACH 2025
Mobility Manufacturing & Materials Expo (3ME) 2026

eMagazine September 2025

eMagazine September 2025

Do you want to advertise here? Contact us

Our Sponsors

Cloos
Pragati Gears
Pilz India
Carl Zeiss India
Atos Profilo
Maco-c
Inovance Technology
igus
Delta Electric
Libratherm instruments
Cumi
Vega India Level Ltd
Marvel Machinery
Wago Pvt Ltd
Dosatron
Super Slides
Bohler
Precihole
Magnets India
Tecnicum
IMTMA- IMTEX 24
Sdtronics
Jumo
Ruby-Mica
Compucare
Gloster
TASA
CJ-Darcal
Walter
Creative Engineers
ACE Micromatic Group
Octagon Manufacturing Technology
Profectus
Blum Novotest
HMS
Accu Sharp
CS Instruments
Spac
Chicago Pneumatic Tools
Nangal
Mennekes
ACD Machines
MARPOSS
phoenixcontact
Shree Rapid
Balluff
EAPL
Amsak Cranes
J K Machines
Exorint