In a major announcement, Tata Group Chairman N. Chandrasekaran revealed plans to invest Rs 2 lakh crore across India over the next five years. The investment will span semiconductor manufacturing, renewable energy plants, EV battery production, and digital infrastructure.
The group's semiconductor fab in Gujarat, in partnership with Taiwan's Powerchip, is expected to be operational by 2027 and will produce chips for automotive and consumer electronics sectors.
"India is at an inflection point," Chandrasekaran said. "We are investing not just in our business, but in India's future as a global manufacturing hub."
The announcement comes as India aggressively courts foreign and domestic investment to reduce dependence on Chinese manufacturing. Government officials welcomed the move, calling it a "vote of confidence" in India's economic trajectory.
Analysts expect the investments to create over 200,000 direct and indirect jobs across the country.
