"Between our investment in semiconductors, precision manufacturing, assembly, electric vehicles, battery and related industries, I think we will create 5 lakh jobs in 5 years- manufacturing jobs," Chandrasekaran said.
15 Oct 2024 | 5759 Views | By Yukta Mudgal and Kiran Murali
Tata Group expects to add five lakh jobs in the next five years, amidst a slew of new manufacturing projects across various sectors, notes Tata Sons Chairman N Chandrasekaran. The salt-to-software conglomerate has recently announced investments in several new areas, such as semiconductors, electric vehicles, and batteries.
"Between our ...
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Tata Group expects to add five lakh jobs in the next five years, amidst a slew of new manufacturing projects across various sectors, notes Tata Sons Chairman N Chandrasekaran. The salt-to-software conglomerate has recently announced investments in several new areas, such as semiconductors, electric vehicles, and batteries.
"Between our investment in semiconductors, precision manufacturing, assembly, electric vehicles, battery and related industries, I think we will create 5 lakh jobs in 5 years- manufacturing jobs," Chandrasekaran said on Tuesday, while speaking at a symposium of the Indian Foundation for Quality Management.
Tata Group comprises 30 companies across ten business verticals, and employs over 1 million people. In 2023-24, Tata companies together clocked more than USD 165 billion in revenue.
Tata Electronics is setting up a semiconductor fab, in partnership with Powerchip Semiconductor Manufacturing Corp (PSMC), Taiwan, in Dholera, Gujarat, with an investment of Rs 91,000 crore.
The plant, which will make high-performance computer chips with 28 nm technology and power management chips for use in applications, such as electric vehicles, telecom, and consumer electronics, will have a capacity of 50,000 wafers per month. One wafer contains around 5,000 chips.
Tata Semiconductor Assembly and Test Pvt Ltd is also investing Rs 27,000 crore in a semiconductor ATMP unit in Morigaon, Assam. This plant will have a capacity of 48 million chips per day and will be used in electric vehicles, consumer electronics, telecom, and automotive applications.
The group, which owns Tata Motors and Jaguar Land Rover, is investing Rs 9,000 crore for a greenfield vehicle manufacturing facility for Jaguar Land Rover in Ranipet, Tamil Nadu. The facility will have an annual capacity to produce over 250,000 cars. Production will begin in a phased manner and progressively increase to reach this capacity over the next 5-7 years.
On the battery manufacturing front, Tata Group has plans to set up a 20 GWh battery manufacturing plant in Gujarat through its clean energy subsidiary Agratas. The subsidiary, in which the group has invested is also setting up a 40 GWh battery manufacturing plant in the UK.