In his year-end note, Tata Group Chairman N Chandrasekaran underscored the strength of the Indian economy and expressed optimism for 2025.
He highlighted the group’s strategic bets in high-tech industries and manufacturing, which are beginning to bear fruit.
Chandrasekaran reiterated the ambition to create 500,000 manufacturing jobs over the next five years, focusing on sectors such as semiconductors, electric vehicles, and solar equipment.
Tata Group: Job Creation Plans
Chandrasekaran emphasized the importance of job creation in India’s manufacturing sector.
He mentioned that Tata Group plans to create 500,000 manufacturing jobs over the next five years, with investments in facilities across India.
These jobs will be in addition to those in retail, tech services, airlines, and hospitality.
The chairman noted that manufacturing has powerful multiplier effects, creating indirect employment opportunities in sectors such as semiconductor manufacturing.
The Tata Group has embarked on several strategic investments to support its job creation plans.
Groundbreaking ceremonies and construction have begun at over seven new manufacturing plants, including India’s first semiconductor fab in Dholera, Gujarat, and a semiconductor OSAT plant in Assam.
Other projects include an electronics assembly plant in Narasapura, Karnataka, an automotive plant in Panapakkam, Tamil Nadu, and new MRO facilities in Bengaluru, Karnataka.
Additionally, new battery cell manufacturing factories are being established in Sanand, Gujarat, and Somerset, UK.
AI Acceleration and Tribute to Ratan Tata
Chandrasekaran also highlighted the potential of Artificial Intelligence (AI) to transform industries.
He mentioned that Tata Motors recently revealed a model to predict the real-world range of electric vehicles using data from connected vehicles, traffic, road infrastructure, and user driving patterns.
The chairman expressed excitement about the group’s progress in data, digital, and AI, emphasizing the role of AI in driving future innovations.
In his year-end note, Chandrasekaran paid tribute to the late Ratan Tata, acknowledging his irreplaceable role as a mentor and leader.
He reflected on the challenges of 2024, including geopolitical instability and the loss of Ratan Tata, but remained hopeful for the future.
Chandrasekaran emphasized that the Tata Group’s strategic bets, made with Ratan Tata’s encouragement, are bearing fruit and contributing to India’s economic growth.
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