- The market opportunity of high-tech manufacturing of electronics at $1 trillion, Chandrasekaran said Tata Group has already set up a business to seize the opportunity.
- He added that at the Tata Group, they have already pivoted into a number of new businesses like electronics manufacturing, 5G network equipment as well as semiconductors, in all probability
Tata Group is looking to make a foray into semiconductor manufacturing, Chairman N Chandrasekaran said. The market opportunity of high-tech manufacturing of electronics at $1 trillion, Chandrasekaran said Tata Group has already set up a business to seize the opportunity.
Chandrasekaran explained that alterations to the global supply chains. They are heavily dependent on China, in the aftermath of the pandemic and geopolitical changes, will make businesses shift their reliance on other countries and called this a huge opportunity for India, which becomes the second base.
He added that at the Tata Group, they have already pivoted into a number of new businesses like electronics manufacturing, 5G network equipment as well as semiconductors, in all probability.
Seize the promise of high-tech manufacturing of electronics, precision manufacturing
He added that on rebalancing supply chains, India can significantly benefit from the geopolitical shifts that we are seeing. At the group, they have already set up a business to seize the promise of high-tech manufacturing of electronics, precision manufacturing, assembly and testing and semiconductors in the medium.
Chandrasekaran said he sees four trends emerging in the post-pandemic world — rapid digital acceleration, new approach to supply chains, a re-imagination of growth with environmental sustainability at the core and inclusion of health and wellness concerns by every business.
Chandrasekaran, who took over the group chairmanship after leading its IT arm TCS, said there is a need to adopt artificial intelligence, cloud and data more aggressively, and Tata Group considers this as a top priority.
