N Chandrasekaran’s year-end note: Tribute to Ratan Tata and a vision for 500,000 jobs in next 5 years

Tata Group Chairman N Chandrasekaran recently posted his year-end message on the company's website that not only pays tribute to Ratan Tata's legacy but also points to 500,000 new jobs within the company in the next five years.

In his year-end message, the Tata Group chairman discussed the humanitarian crises following the year’s geopolitical upheavals. He touched upon the ongoing military conflicts in Ukraine, Gaza and Sudan and their impact on global supply chains.

Paying heartfelt tribute to Ratan Tata, he said the former chairperson of the Tata Group was “a man whose personality, integrity and strategic vision shaped our business for a generation.” He added, “Our Group has lost an irreplaceable role model and leader. And I have lost a cherished mentor and friend."

Touching upon the values advocated by the Tata Group, he said, “Progress holds little value if it doesn’t enhance human wellbeing.”

Vision for 500,000 jobs in next 5 years

He further stressed the company's commitment to India’s future and asserted that AI-led breakthroughs in healthcare and mobility can help the whole of humanity. Highlighting that manufacturing has the potential to transform the Indian economy, he announced that the company plans to create 500,000 new jobs in this sector, over the next five years.

From semiconductors and electric vehicles to solar equipment, these job openings will be spread across key sectors and among other critical hardware industries. “This is in addition to the many services jobs we expect to introduce across retail, tech services, airlines, and hospitality, among other sectors,” he pointed out.

He concluded the year-end message with an optimistic outlook for the coming year. “India’s economy is strong and the great trends of the age are in our favour," Chandrasekaran said. 

Calling upon India's demographic dividend and the young talent that the country possesses, he noted, "In this new technological age, and this new era of Indian manufacturing, our enormous pool of young talent will not only contribute to our nation’s future—they will build it, literally, with their hands and with their minds.”