Ratan Tata, Mukesh Ambani, Gautam Adani make BIG Move, set to address local talent shortage, turn to…
GH News October 06, 2024 12:06 PM
New Delhi: Major conglomerates like Tata Group Reliance Industries Adani Group Vedanta Larsen & Toubro and JSW Group are actively looking to hire expatriates and returning Indian professionals to drive their emerging ventures. 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. According to top company executives and search industry experts these business houses are looking to expeditiously overcome a severe talent crunch locally and reinforce their ambitious expansion plans. Talking to ET Now Navnit Singh chairman and regional managing director of India at Korn Ferry a global executive search and HR consulting firm said “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.” Tata Group is setting up an AI-enabled semiconductor fabrication facility in Dholera Gujarat in collaboration with Taiwan’s Powerchip Semiconductor Manufacturing Corporation. According to a company official the Mumbai-based conglomerate is actively recruiting highly experienced talent from Taiwan including specialists in equipment and automation engineering. Tata group’s electronics contract manufacturing business Tata Electronics has so far trained 400 employees with more set to travel to Taiwan to learn specialised skills required for chip manufacturing. Tata Group has set aside Rs 91000 crore for establishing its semiconductor fabrication unit a project expected to generate over 20000 direct and indirect skilled jobs. The groups broader multi-fab vision for Dholera aims to create more than 100000 skilled job opportunities. Adani which aims to have 50 GW renewable power capacity by 2030 and is partnering Israels Tower Semiconductor to set up a semiconductor chip manufacturing plant in Taloja Maharashtra is hiring expats for niche roles for this as well as in digital and technology domains people in the know said to ET Now. L&T Semiconductor Technologies which opened offices in Japan Europe and the US and bought semiconductor design startup SiliConch Systems has also hired expat executives.
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