LMI Technologies
LMI Technologies
OEM Play Store
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.

Mototech25 Pune
Mototech25 Pune

Events

LWOP
LWOP
IFAT India 2025
IFAT India 2025
India Manufacturing Show
India Manufacturing Show
4th IFFE EXPO 2025
4th IFFE EXPO 2025
Auto EV Bharat 2025
Auto EV Bharat 2025
Laser Engineering Technology Expo
Laser Engineering Technology Expo
Factory Automation Expo 2025
Factory Automation Expo 2025
17th ENGIMACH 2025
17th ENGIMACH 2025
Clean India Show 2025
Clean India Show 2025

eMagazine September 2025

eMagazine September 2025
eMagazine September 2025

Do you want to advertise here? Contact us

Our Sponsors

Pragati Gears
Pragati Gears
Pilz India
Pilz India
Carl Zeiss India
Carl Zeiss India
Atos Profilo
Atos Profilo
Inovance Technology
Inovance Technology
igus
igus
Delta Electric
Delta Electric
Libratherm instruments
Libratherm instruments
Cumi
Cumi
Vega India Level Ltd
Vega India Level Ltd
Marvel Machinery
Marvel Machinery
Wago Pvt Ltd
Wago Pvt Ltd
Super Slides
Super Slides
Bohler
Bohler
Magnets India
Magnets India
Tecnicum
Tecnicum
IMTMA- IMTEX 24
IMTMA- IMTEX 24
Sdtronics
Sdtronics
Jumo
Jumo
Ruby-Mica
Ruby-Mica
Compucare
Compucare
Gloster
Gloster
ACE Micromatic Group
ACE Micromatic Group
Octagon Manufacturing Technology
Octagon Manufacturing Technology
Profectus
Profectus
HMS
HMS
Accu Sharp
Accu Sharp
CS Instruments
CS Instruments
Spac
Spac
Chicago Pneumatic Tools
Chicago Pneumatic Tools
Mennekes
Mennekes
ACD Machines
ACD Machines
phoenixcontact
phoenixcontact
Balluff
Balluff
EAPL
Red Lion
Amsak Cranes
Amsak Cranes
Exorint
Exorint
Balaji switchgears pvt. ltd
Balaji switchgears pvt. ltd
Exon mobil
Exon mobil
Wika Instruments India
Wika Instruments India