Tata Group will generate 5 lakh jobs in 5 years, says Tata Sons Chairman N Chandrasekaran

The Tata Group is set to create a massive 5 lakh jobs in the manufacturing sector over the next five years, spanning industries such as semiconductors, electric vehicles (EVs), batteries, and precision manufacturing. Tata Sons Chairman, N Chandrasekaran, made this announcement on Tuesday, underlining the critical role manufacturing will play in India’s ambition to become a developed nation.

Speaking at a symposium organised by the Indian Foundation for Quality Management, Chandrasekaran highlighted that India’s progress depends heavily on its ability to generate manufacturing jobs. He stressed that creating employment in this sector is crucial, given the influx of new workers entering the job market each month.

“Through our investments in semiconductors, electric vehicles, precision manufacturing, and related industries, Tata Group expects to generate 5 lakh jobs over the next five years,” Chandrasekaran said as per a PTI report. He pointed to the group’s upcoming semiconductor plant in Assam and new manufacturing facilities for electric vehicles and batteries as significant contributors to this job creation.

Chandrasekaran also talked about the broader impact of these initiatives, explaining that job creation in manufacturing has a multiplier effect, with numerous indirect employment opportunities arising from these projects. According to his calculations, for every direct job created in sectors like semiconductors, up to ten additional indirect jobs could emerge.

The Tata Group’s investments will also spur the growth of small and medium enterprises (SMEs), with an estimated 5 lakh such businesses expected to form as part of the evolving ecosystem supporting these industries.

While praising the government’s support for these initiatives, Chandrasekaran said that India’s vision of becoming a “Viksit Bharat” (developed India) cannot be achieved without substantial growth in manufacturing employment. “Every month, one million people join the workforce, and we need to create 100 million jobs,” he added, reinforcing the urgency of job creation in new-age industries.