Employment: Tata Group to create 5 lakh jobs in manufacturing in 5 years
Virendra Pandit
New Delhi: The Tata Group will create five lakh jobs in the manufacturing sector in the next five years, N. Chandrasekaran, Chairman of Tata Sons, said on Tuesday.
The media quoted him as saying that these jobs will have a multiplier effect, creating even more opportunities across the business ecosystem.
These jobs will be created in areas such as semiconductors, precision manufacturing, electric vehicles, batteries, and ancillary industries, Chandrasekaran said at a symposium organized by the Indian Foundation for Quality Management (IFQM) in the national capital.
“These jobs are our (Tata Group’s) jobs. Besides this, because the ecosystem has to be set up, I expect 500 to 1,000 more companies, small and medium scale ones, that will be set up”, he said.
Underlining that manufacturing is a big opportunity, Chandrasekaran said that India cannot realize its goal of ‘Viksit Bharat’ (Developed India) by 2047, the centenary of the country’s Independence from the British, without focusing on creating jobs in the manufacturing sector.
India is well placed to achieve its Viksit Bharat goal, he said, and highlighted the tremendous push the Modi government has given to create manufacturing jobs in the country.
“This is India’s moment. The momentum (for manufacturing) is there, and the government is giving the push. The pace at which we started our projects as a group is unbelievable.
“Whether it is the plant that is coming up in Dholera (Gujarat) for semiconductors, or in Assam, or the battery plant that we are setting up, or the electric vehicle plant we are setting up…..we are setting up several plants. Government schemes, policies, and incentives have been incredible,” he said.
Every direct job in the semiconductor industry creates eight indirect jobs, he said, adding that manufacturing jobs are a big multiplier.
Chandrasekaran also underscored the need for a “movement” to create a “culture of quality” across the board and ensure that an integrated approach is taken to the quality of people, processes, and ecosystems.
“Whether it is components or full-scale manufacturing, we need to intervene in all three dimensions: process, people, and ecosystem. It should become a movement,” he said.
Chandrasekaran said that India could be both the global human resource capital and a significant player in meeting the world’s manufacturing requirements.
“If we want to be known for being a world leader of producer of best-in-class world products, there are two things that are needed— quality of product or service and quality of experience. We need to focus on both”, he added.
