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Deloitte to invest $100 m
Tue, 16 Nov 2010
The Hindu

Deloitte to invest $100 m

NEW DELHI: Global consulting major Deloitte on Monday said it had drawn up plans to invest $100 million in India in the next three years and hire about 3,000 people as part of its fast track expansion plans.

Deloitte said it plannws to employ about 18,000 people — up 20 per cent from present — in India by the year 2012.

“India is an extremely important market for Deloitte. As opportunities in the new economic environment emerge, the consulting major's focus on hiring, developing and deploying the best talent in the region, will help clients capitalise on these new market initiatives,'' Deloitte Global CEO Jim Quigley told reporters here.

Mr. Quigley also made a case for India to open up its market and allow global audit firms to practice here, besides providing consulting and advisory assistance.

“I urge the Indian authorities to give a serious thought to allowing global audit firms to practice here. It is for the betterment of accounting professionals. A mutual recognition is required out of foreign direct investment,'' he remarked.

Deloitte, is one of the four big accounting firms in the world.
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