Tata Group to create 500,000 jobs in India with major investments in manufacturing

Salt-to-steel conglomerate Tata Group will create 500,000 jobs in the next five years on back of massive investments in facilities for manufacturing semi-conductors, batteries, electric vehicles, among others, Tata Sons Chairman N Chandrasekaran said.

Chandrasekaran, who was speaking at the Indian Foundation of Quality Management (IFQM) Symposium in Delhi Tuesday said with a million people joining the workforce every month India has the potential to become the human resource capital of the world. However, there is a need to create processes for ensuring quality in product manufacturing, people and the ecosystem.

Chandrasekaran said it is now India’s moment to make a mark on the world stage. The momentum in the economy, rising per capita levels, and growing demand for products and services will all propel the country forward. "We will be a significant player in the manufacturing requirements of the world," Chandrasekaran held.

To achieve this economic growth, the country also needs to achieve job growth, he said.

Overall, Chandrasekaran emphasized ‘Viksit Bharat’ implies much more than just economic growth."The opportunity in front of India is huge and 'Viksit Bharat' is not about good economic growth but also about achieving social equality, health span for citizens and quality of life for all citizens," he said. He called on India to be a global benchmark in quality and services.