A couple of weeks ago, Tata Steel India, India’s largest steel producer, posted a note to its investors saying it had invested $3.4 billion in the steel industry and was planning to invest more.
The note also announced that it would soon hire 1,000 new employees, with a target of 1 million employees in three years.
Now, that is not enough.
The Tata Steel Group, which owns Tata Steel, has not invested in steel manufacturing since 2008.
And, according to Tata Steel’s own data, the number of new employees hired in India has fallen by more than 20 percent since 2010.
The new hires have mostly been in the mining and quarrying and construction sectors.
The workforce of the Tata Group has shrunk from 2.5 million in 2007 to 1.6 million today, according the Institute of Chartered Accountants of India, which runs the country’s accounting profession.
As for the steel mills, the Tata group says it is looking at expanding the steel production capacity to 8,000 tons of steel a year.
But the institute says that is too little.
It says it can produce steel at that rate at about 6,000 tonnes a year, which is about the same capacity as China, the country with the world’s largest population and the largest steel industry.
The Institute of Industrial Policy and Research (IIPR) says that the number manufacturing capacity is around 3,000,000.
“The steel mills of India are not large enough to produce the steel that Tata Steel needs,” IIPR’s director, Raghavendra Dasgupta, told Business Insider in an email.
“This means that it is not only India’s steel sector but the whole of the steel sector that needs to be diversified.”
The Tata Group is the worlds biggest steel producer with 1.8 billion tonnes of steel produced in 2016.
In India, Tata has its own steel plants, but they are not as big as the steel used by its other major customers, including the United States and France.
The IIPR says the Indian steel industry is a $70 billion-a-year industry, and there are more than 15 million steelworkers.
The IITs report says the world has about 30,000 steel mills and it needs about 10,000 more to meet its demand.
The industry needs more than 1.5 billion metric tons of iron ore, about 30 million metric tons and about 4.3 million tons of cobalt ore a year to meet the demands of the world.
The problem is that India is just a small piece of the global supply chain for steel, said IIPR Director Dasgupta.
“We are the first to say that if we want to be the largest supplier of steel in the world, then we have to have steel mills in India.”
Tata Steel wants to diversify into other industries, like in the metals and construction industries.
But even as it tries to diversifying, Tata is investing more in its steel production.
It has invested $2 billion in steel production since 2008, and the Tata Institute of Steel and Metallurgy, which oversees the industry, says it will soon hire 500 more people.
Tata Steel is currently investing about $1 billion a year in the production of steel and expects to increase that investment to $2.5 trillion by 2022.
That’s because the institute believes the world needs more steel, but is worried about how much that investment will grow over time.
It also says that Tata is still a bit behind China, which has about half of the countrys steel capacity, according IIPR.
Tata is looking to create jobs in the construction sector, which accounts for about 30 percent of its overall output, but the institute expects it to grow its manufacturing capacity to 20 percent of total output in the next two years.