Tata Group is set to create 500,000 new manufacturing jobs over the next five years, focusing on sectors such as batteries, semiconductors, electric vehicles, and solar industries. Tata Sons Chairman N. Chandrasekaran revealed the plans in his annual letter to employees on Thursday. These jobs will emerge from new facilities across India, including factories and projects that will play a crucial role in the country’s economic future.
Key Milestones and Investments in 2024
Chandrasekaran highlighted several significant milestones for the group in 2024, including groundbreaking ceremonies for over seven new manufacturing plants. These include India’s first semiconductor fab in Dholera, Gujarat, and a new outsourced semiconductor assembly and test facility in Assam. The group is also setting up electronics assembly plants in Narasapura, Karnataka, and automotive plants in Panapakkam, Tamil Nadu. New battery cell manufacturing plants are underway in Sanand, Gujarat, and Somerset, UK, while solar module production has begun in Tirunelveli, Tamil Nadu.
Expansion in Various Sectors
The group’s retail companies are expanding rapidly, with Air India forming an integrated airline group to serve both India and the world. Indian Hotels’ Taj brand remains a leading global hotel brand. Additionally, Tata Consultancy Services (TCS) and Tejas Networks have made strides with India’s first indigenous 4G mobile telecom stack for BSNL, with plans for 5G.
Commitment to Sustainability and Global Partnerships
Chandrasekaran emphasized that sustainability remains central to Tata Group’s growth strategies. In Bhutan, the group has started a hydroelectric power initiative with a commitment to developing five gigawatts of renewable energy capacity. Additionally, Tata Group is investing 1.25 billion pounds in the UK to transition to low-CO2 steel production in South Wales.
India’s Growing Role in Global Supply Chains
Chandrasekaran noted that India is becoming increasingly important in global supply chains as major global businesses seek a balance between resilience and efficiency. The shift in supply chain dynamics is seen as an opportunity for India to further strengthen its manufacturing capabilities and economic influence.
