In his poignant year-end message, Tata Group Chairman N. Chandrasekaran reflected on the key moments of 2024, paying tribute to the late Ratan Tata, whose influence continues to shape the Group and India Inc. “There isn’t room in this letter to capture fully what he meant to us,” he wrote, acknowledging the profound loss of the visionary leader. Ratan Tata’s passing earlier this year left an irreplaceable void in the organization, but his legacy and mentorship remain an inspiration to the leadership team.
India’s Strategic Position for Global Growth
Despite the geopolitical upheavals of 2024, including conflicts in Ukraine, Gaza, and Sudan, Chandrasekaran highlighted a shift in global supply chain strategies from mere efficiency to resilience. He sees this change as an opportunity for India to strengthen its position, thanks to its skilled workforce and manufacturing potential. This evolving landscape, according to him, sets the stage for India to drive global growth in the coming years.
A Vision for Jobs and Manufacturing Excellence
Looking ahead, Chandrasekaran shared the Group’s ambitious plans to create 500,000 new jobs in manufacturing by 2025. These roles will span critical sectors such as semiconductors, electric vehicles, solar equipment, and other high-tech industries. “These investments will not only help India transition to the economy of tomorrow, but they will also make a significant contribution to global supply chains,” he emphasized, revealing plans to expand Tata Group’s footprint with cutting-edge factories and projects.
Expanding Horizons: Retail, Technology, and More
Beyond manufacturing, the Tata Group is also positioning itself to create substantial employment in sectors like retail, technology services, aviation, and hospitality. Chandrasekaran pointed out the Group’s recent advancements in high-tech industries, including the launch of India’s first semiconductor fab in Gujarat and the opening of a new battery cell manufacturing plant in the UK. These ventures, nurtured under the late Ratan Tata’s guidance, are now starting to yield transformative results.
