Tata Group will 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 asserted that India cannot achieve the goals of being a developed nation, if the country cannot create manufacturing jobs. <\/p>\n
“… Between our (Tata Group’s) 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. <\/p>\n
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”. <\/p>\n
While he has not got the full details, Chandrasekaran said based on “basic math”, these jobs will have multiplier effects. <\/p>\n
As the ecosystem has to be set up, he said a minimum 5 lakh companies — small, medium-scale companies would also come up in the ecosystem. <\/p>\n
He acknowledged the government’s support in these initiatives and stressed on the need for creating jobs in the manufacturing sector. <\/p>\n
“We cannot achieve the goals of Viksit Bharat if we cannot create manufacturing jobs, because we all know 1 million people are coming to the workforce every month,” he said. <\/p>\n
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.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tata Group will 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 asserted that India cannot achieve the goals of being a developed nation, if the country cannot create manufacturing jobs. “… Between our (Tata Group’s) 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. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-866421","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/866421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=866421"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/866421\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=866421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=866421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=866421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}