Global manufacturing to shift in India’s favour: N Chandrasekaran
New Delhi, December 24, 2024.
Global supply chains are shifting in the favour of India as more weightage is given to resilience over efficiency, according to Tata Sons chairman N Chandrasekaran. He reiterated that the Tata Group will create five lakh manufacturing jobs in the next five years in facilities that produce batteries, semiconductors, electric vehicles, solar equipment, and other critical hardware.
In an year-end letter to employees, Chandrasekaran said that manufacturing has the potential to transform India's economy. "What might have seemed like a short-term reaction to the pandemic has proved much more enduring. Amid relentless geopolitical instability, the equation has tilted firmly toward resilience - and India, with our vast talent pool and growing manufacturing capac...
