India News Get -BusinessTata Sons Chairman N Chandrasekaran says Tata Group will create 5 Lakh jobs in manufacturing sector in next five years
N Chandrasekaran, chairman of Tata Sons (file photo).
The Tata Group plans to create over 5,00,000 new manufacturing jobs through its projects over the next five years. Tata Sons Chairman N Chandrasekaran gave this information in the New Year message to the group’s employees.
N Chandrasekaran said in his letter, “Our group plans to create 5,00,000 manufacturing jobs in the next five years. Chandrasekaran said these jobs will be generated through investments made in the group’s factories and projects across India. With this investment, new-age products such as batteries, semiconductors, electric vehicles, solar equipment and other critical hardware will be manufactured.
The Tata Group will also create jobs in retail, technology services and other sectors.
In addition to these manufacturing jobs, the group will also create jobs in other sectors, including retail, technology services, airline and hospitality. Chandrasekaran also spoke about the group’s initiatives in the artificial intelligence sector.
Construction has begun on more than seven new manufacturing plants
Construction of over seven new manufacturing plants has begun, including India’s first semiconductor plant in Dholera, Gujarat, and the new OSAT semiconductor plant in Assam. Electronics assembly plant in Narasapura, Karnataka, automobile plant in Panpakkam, Tamil Nadu and new MRO plant in Bengaluru, Karnataka. He said the Tata Group would also set up new battery cell manufacturing plants in Sanand, Gujarat and Somerset, Britain.
The Group inaugurated the C295 Final Assembly Line (FAL) in Vadodara, Gujarat and started production of solar modules in Tirunelveli, Tamil Nadu. The Tata Sons Chairman said he is excited about the upcoming opportunities in the field of artificial intelligence (AI) and manufacturing.
There are many indirect employment opportunities in sectors like semiconductor manufacturing.
Chandrasekaran said, “Such steps are encouraging for our group and for India, but more importantly, they give hope to the million young people who join our workforce every month. Fortunately, the manufacturing sector has powerful multiplier effects. There are many indirect employment opportunities in sectors like semiconductor manufacturing.
N Chandrasekaran said: “AI and manufacturing are two sectors that combine economic opportunity and social progress. » He highlighted that global supply chains are shifting their base to India.
Tata Motors’ profit declined by 11% in Q2: Revenue declined by 3.50% to Rs 1.01 lakh crore, share fell by 20.61% in 6 months.
Automaker Tata Motors reported a net profit (consolidated net profit) of Rs 3,343 crore in the second quarter of the financial year 2024-25. It decreased by 11% on an annual basis. The company had made a profit of Rs 3,764 crore in the same quarter a year ago. …