Hyderabad: PwC India, a network of firms in 155 countries, on Wednesday announced to invest Rs 1600 crores and create over 10,000 additional jobs in the next 5 years with a focus in the areas of Digital, Cloud, Cyber, Analytics and Emerging Technologies. Our investments and efforts will not only help make our clients and people fit-for-future, but will also help us support Indian business to build trust and deliver sustained outcomes in a world mired with uncertainties, said PwC India Chairman Sanjeev Krishan in a release. Announcing new business strategy ‘The New Equation’, PwC said it is based on analysis of trends and thousands of conversations with clients and stakeholders. This refreshed strategy speaks to the two most fundamental needs clients and organisations are grappling with today. The proposed investment as commitment towards its people and capabilities Strategy aims to build on and further enable the economic growth cycle that India will see in the coming years and help clients build trust and deliver sustained outcomes., it said. With increasing its campus hiring by over 5 times in the same time period, minimum 40 per cent gender diversity and spending at least 1 percent of revenues in upskilling its people and partners, it said. The firm is planning to set up a PwC Research Institute to assist clients in identifying emerging trends across sectors. First is the urgency to successfully respond to and change in the face of the major shifts shaping the world: technological disruption, the risks of climate change, fractured geopolitics, social tension, and the continuing effects of COVID-19 while the Second is the need to build trust at a time when it is both more fragile and more complicated to earn. The two are interdependent, and PwC India with its continued investments in its people and capabilities is uniquely positioned to deliver trust and sustained outcomes to its clients, the Firm said. Sanjeev said: “our new strategy will enable us and our clients to further the country’s economic development, harness the potential of the domestic market and create more opportunities for society at large.” “The fractured and disrupted world around us calls for fresh thinking, a new approach and revisited priorities. With our new strategy, we will relentlessly focus on helping our clients, people and all stakeholders create the virtuous circle between earning trust and delivering sustained outcomes necessary to succeed in this changed world, ” he said. We believe that when the best of human ingenuity and the best of technology come together, we can achieve almost everything for our clients and ourselves, he said. A part of the India commitments, PwC in the next five years will initiate this strategies, Sanjeev said He said we will couple the power of technology with expertise in areas like strategy, risk, deals, management consulting, and tax strategy, among others, to create sustained value for our clients. PwC’s approach to building trust is designed to meet rising expectations of transparency and stakeholder engagement. It combines multidisciplinary expertise with an expansion of specialist capabilities including cyber security, data privacy, ESG and Artificial Intelligence, he said. Our investments and efforts will not only help make our clients and people fit-for-future, but will also help us support Indian business to build trust and deliver sustained outcomes in a world mired with uncertainties, he added.
