There is good news for the youth looking for jobs. Tata Group Chairman N. Chandrasekaran said on Tuesday that his group will create five lakh jobs in the manufacturing sector in semiconductors, electric vehicles, batteries and related industries in the next 5 years. In a seminar organized by the Indian Quality Management Foundation (IFQM) here, the Tata Sons chairman said that India cannot achieve the goal of becoming a developed nation without a development policy. He said, "Between our (Tata Group's) investments in semiconductors, precision manufacturing, assembly, electric vehicles, batteries and our investments in related industries, I think we will create five lakh manufacturing jobs in the next five years. " 

We are setting up many plants

"We are setting up many plants," he said, referring to the group's upcoming semiconductor plant in Assam and other new manufacturing units for electric vehicles and batteries. He lauded the government's support in these initiatives and stressed the need for job creation in the manufacturing sector. "If we cannot create jobs in the manufacturing sector, we cannot achieve the goals of developed India because we all know that 10 lakh people are joining the workforce every month," Chandrasekaran said. 

Need to create 10 lakh jobs

Chandrasekaran said, "We need to create 10 lakh jobs." He stressed the importance of new-age manufacturing such as semiconductors which generate eight to ten indirect jobs for every one job created. Remembering the late Ratan Tata, Tata Sons Chairman N Chandrasekaran on Monday said there was no one like him. He always ensured that the well-being of employees as well as their families was taken care of in Tata Group companies, which produced many leaders in the group. He said there was truly no one like him. Recalling his association with Tata (86) in a post on LinkedIn, a networking platform for professionals, he wrote, "Anyone who met Tata took away the story of his humanity, warmth and dreams for India. There was truly no one like him."