Tata Group Aims to Generate 5 Lakh Jobs in EV and Semiconductor Sectors by 2030, Says Chandrasekaran

Tata Group plans to generate 5 lakh manufacturing jobs over the next five years, targeting key industries like battery production, semiconductors, electric vehicles, and solar energy by 2030. 

In his annual letter to employees, Tata Sons chairman N. Chandrasekaran shared the group's strategy to drive job creation through investments in manufacturing plants across India. 

These jobs will result from the establishment of factories and projects that will focus on producing essential hardware like batteries, semiconductors, electric vehicles and solar equipment, crucial to the future economy.

In addition to manufacturing roles, the group also anticipates job creation in sectors such as retail, tech services, and hospitality. Chandrasekaran highlighted the importance of these developments noting that they would bring hope to one million young individuals entering the workforce each month. 

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The manufacturing sector's broader impact includes substantial indirect employment in industries like semiconductor manufacturing.

This announcement comes alongside several key Tata Group milestones in 2024, including the launch of over seven new plants, such as India’s first semiconductor fab in Gujarat and a semiconductor assembly facility in Assam. 

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The group also inaugurated new automotive, battery, and solar module production plants in various locations, while TCS and Tejas Networks delivered India’s first indigenous 4G telecom stack for BSNL and prepared for 5G.

Chandrasekaran also praised Tata Group's other ventures, including Air India's integration of four airlines and Indian Hotels' Taj brand's continued global success. He paid tribute to Ratan Tata, calling him an "irreplaceable role model," and noted the ongoing success of the business Tata dedicated his life to. 

Looking ahead, Chandrasekaran emphasized AI's transformative potential in healthcare, environmental research and clinical care, while reiterating that manufacturing will be a key driver in India's economic future.

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