The Tata group will generate 5 lakh manufacturing jobs in the next five years across diverse industries such as semiconductor, electric vehicles, battery and related industries, chairman N. Chandrasekaran said on Tuesday.

The Tata group chairman was speaking at a symposium of the Indian Foundation for Quality Management in the national capital.

Pointing out that the country cannot achieve the goal of becoming a developed nation if it cannot create manufacturing jobs, Chandrasekeran said, “Between our (Tata Group’s) investments in semiconductors, our investment in precision manufacturing, assembly, electric vehicles, batteries and related industries, I think we will create five lakh manufacturing jobs in the next five years.” He added that given the large young population in India, the nation will be the human resource capital of the world.

Referring to its upcoming semiconductor plant in Assam and other new manufacturing units for electric vehicles and battery, he said the conglomerate is setting up a number of plants. Chandrasekaran here disclosed that while he did not have the full details, he has done the “basic maths’’. He added that these jobs will have multiplier effects.

Chandrasekaran further noted that there should be collaboration from other key elements of the ecosystem such as small and medium-sized companies.

“We cannot achieve the goals of Viksit Bharat if we cannot create manufacturing jobs, because we all know one million people are coming to the workforce every month,” he said.

The Tata Sons chairman averred that in these conditions, the industry should create 100 million jobs. A PTI report quoted Chandrasekaran as saying that new-age manufacturing like semiconductors, which creates eight to ten indirect jobs for every single job created, is also significant.

In February this year, the government had approved a proposal by Tata Electronics to build a state-of-the-art, greenfield semiconductor assembly and test facility in Jagiroad, Assam. The facility will be built with an investment outlay of ₹27,000 crore.

The Tata group had said it will generate over 27,000 direct and indirect jobs in the region.

Tata Electronics, a wholly owned subsidiary of Tata Sons, will build the facility focusing on three key platform technologies — wire bond, flip chip, and a differentiated offering called Integrated Systems Packaging (ISP), with plans of expanding the roadmap to advanced packaging technologies in the future.

The construction of the facility is scheduled to start this year with the first phase of the facility becoming operational by mid-2025. It is expected to provide a boost to industrialisation in the Northeast.