MUMBAI: The Tata Group is poised to become one of India’s largest job creators, with plans to generate 5 lakh jobs over the next five years as part of a series of ambitious manufacturing and technology investments.
Tata Sons Chairman N. Chandrasekaran announced the group’s intentions during a symposium organised by the Indian Foundation for Quality Management, citing a range of upcoming projects in cutting-edge sectors such as semiconductors, electric vehicles, battery production, and precision manufacturing.
Several sectors
“Between our investments in semiconductors, precision manufacturing, assembly, electric vehicles, batteries, and related industries, I believe we will create 5 lakh jobs over the next five years – primarily in the manufacturing sector,” Chandrasekaran said.
The salt-to-software conglomerate, which already employs over 1 million people across 30 companies in 10 business sectors, generated more than $165 billion in revenue in FY 2023-24. Now, with a major focus on emerging technologies and sustainability, Tata Group is doubling down on its job creation potential through large-scale projects that are set to shape India’s industrial future.
Expanding manufacturing base
Key among these is the Group’s semiconductor lab in Dholera, Gujarat, built in collaboration with Taiwan’s Powerchip Semiconductor Manufacturing Corp (PSMC).
With a Rs91,000 crore investment, this facility will produce high-performance computer chips, with a monthly capacity of 50,000 wafers.
In addition, the Tata Semiconductor Assembly and Test Pvt Ltd in Morigaon, Assam, represents a Rs27,000 crore investment aimed at producing 48 million chips daily.
Green energy & EVs
Beyond semiconductors, Tata is also investing heavily in electric vehicles (EVs) and clean energy.
Through Agratas, Tata’s clean energy arm, the Group is setting up a 20 GWh battery manufacturing facility in Gujarat and a 40 GWh plant in the UK, supporting global efforts in energy transition.
Meanwhile, Tata Motors and Jaguar Land Rover are establishing a greenfield vehicle manufacturing facility in Ranipet, Tamil Nadu, with an investment of Rs9,000 crore. This plant, set to produce 250,000 vehicles annually, will boost domestic EV production and expand Tata’s global footprint.
With these initiatives, Tata Group is positioning itself at the forefront of India’s industrial transformation, playing a crucial role in both job creation and technological innovation.
