BIG move by Mukesh Ambani, Gautam Adani, Ratan Tata as they are likely to hire in THIS booming sector
Sectors like renewable energy, semiconductors, electric vehicles (EVs), green energy, hydrogen, solar power, as well as battery and cell technology are the new business areas for these companies.
To spearhead their emerging businesses, the major conglomerates Tata Group, Reliance Industries, Adani Group, Vedanta, Larsen & Toubro, and JSW Group are actively seeking to appoint expatriates and returning Indian professionals. These firms' new business sectors include renewable energy, semiconductors, solar power, hydrogen, electric vehicles (EVs), green energy, and battery and cell technologies. Top business executives and search industry experts say that these companies are trying to reinforce their ambitious expansion ambitions and quickly get over a serious talent bottleneck locally.
“Many companies in areas such as batteries, EVs, semiconductors, hydrogen and green energy, are seeking to hire returning Indians and expats from countries such as Taiwan, the Philippines, Vietnam, Malaysia, the UK and the US,” Navnit Singh, chairman and regional managing director of India at Korn Ferry, a global executive search and HR consulting firm told ET Now.
Tata Group is establishing an AI-enabled semiconductor fabrication facility in Dholera, Gujarat in partnership with Taiwan's Powerchip Semiconductor Manufacturing Corporation. The group is actively hiring highly skilled professionals from Taiwan, including automation and equipment engineering expertise, according to a business official.
400 workers have received training from the Tata Group's electronics contract manufacturing company, Tata Electronics, so far, and more are scheduled to go to Taiwan to acquire the specific skills needed for chip manufacture.
The establishment of the semiconductor production centre, which is estimated to create over 20,000 direct and indirect skilled jobs, has cost the Tata Group Rs 91,000 crore. In the larger multi-fab strategy for Dholera, the consortium hopes to generate over 100,000 skilled work opportunities.
Adani is hiring foreign workers for specialised roles in the digital and technology sectors in addition to its goal of having 50 GW of renewable power capacity by 2030. Adani is collaborating with Israel's Tower Semiconductor to establish a semiconductor chip manufacturing plant in Taloja, Maharashtra, as per ET Now report.