Speaking at the 2-day Indian Foundation of Quality Management (IFQM) Symposium, Chandrasekaran said he has "done the basic maths" and between the Tata Group investments “in semiconductors, precision manufacturing, assembly, electric vehicles, batteries and related industries, I think we will create five lakh manufacturing jobs in the next five years.”
He noted that the Group is setting up “a number of plants”. This includes semiconductor, EV and battery plants. A minimum of 5 lakh small and medium-scale companies would also come up in the ecosystem.
HR capital of the world
Chandrasekaran noted that India can also be the “human resource (HR) capital of the world”. Rising per capita levels, geopolitical equations, vibrant democracy, scale of youth, growing consumption levels, supply chain resilience, and the demography, present an enormous demand opportunity for India.
He added that while India’s service sector has been fast growing, “we will be a significant player in manufacturing for the world. It is not either/or for service and manufacturing, we will do good in both the sectors”.
World leader in best-quality products
According to the Chairman, India needs to create a brand value where we design, develop and deliver from India, and everybody wants to be associated with us.
We need to focus on quality of products and service along with providing quality of experience to become a world leader in producing best-class products. For this, companies should integrate a top-down approach from the management, he said.
Manufacturing sector provides a big opportunity for India and we cannot achieve our goals if we cannot create manufacturing jobs. Giving an example of the semiconductor industry, he said if we create 1 direct job it will result in 10 indirect jobs. “Manufacturing jobs are a multiplier.”
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