Weeks after Ratan Tata’s death, Tata Group boss N Chandrasekaran makes big announcement on jobs

In his year-end message posted on the company's official website, Tata Group Chairman N Chandrasekaran said that the group aims to create 5 lakh manufacturing jobs over the next five years as a tribute to Ratan Tata.

Noel Tata-led Tata Group has announced that the conglomerate will create 5 lakh jobs over the next five years as a tribute its late Chairman Emeritus, Ratan Tata, who passed away in October this year. In his year-end message posted on the company’s official website, Tata Group Chairman N Chandrasekaran said that the group aims to create 5 lakh manufacturing jobs over the next five years as a tribute to Ratan Tata’s legacy.

In his December 26 message to Tata Group employees, Chandrasekaran touched upon the conglomerate’s “big strategic bet” in manufacturing, telecom, retail, and hospitality. The Tata Group boss noted that the company is building at least seven new production facilities, including India’s first semiconductor factory in Dholera.

“Tata Group plans to create 500,000 manufacturing jobs over the next half-decade. These will come in part from the aforementioned investments in facilities across India-factories and projects that will produce batteries, semiconductors, electric vehicles, solar equipment, and other critical hardware destined to play a central role in the economy of tomorrow,” N Chandrasekaran said in his message.

In his year-end message, Chandrasekaran also emphasized the Tata Group’s aspirations to generate a significant number of employment in manufacturing, retail, tech services, aviation, and hospitality.

About Tata Group

Noel Tata, 67, the half-brother of Ratan Tata, was picked as the new chairman of Tata Trusts after the latter’s demise earlier this year. Ratan Tata died due to age-related issues at Mumbai’s Breach Candy Hospital on October 9. He was 86.

Tata Trusts is an umbrella group of charities which holds 66% stake in Tata Sons — the holding company of Rs 34 lakh crore Tata Group.

The Tata Group, established by its founder Jamshedji Nasirwanji Tata in 1868 when he bought a bankrupt oil mill for Rs 21,000, a massive amount at the time, and turned it into a cotton factory, has today grown into a global juggernaut with over 100 companies spread in more than 100 countries, boasting a market cap of $403 billion (roughly Rs 33.7 trillion).