On Wednesday, global consultancy firm PwC India declared that it would invest up to Rs 1,600 crore and generate 10,000 jobs in the next five years.

PwC India to invest Rs 1,600 crore, generate 10,000 additional fresh jobs over five years

Declaring its new business strategy, ‘The New Equation,’ PwC India stated the firm would also expand its campus hiring by over five times in the same period. The New Equation is based on analysis of trends and numerous conversations with clients and stakeholders, it declared in a release.

Sanjeev Krishan, Chairman PwC in India, remarked, “India has strong economic fundamentals, a huge advantage in the form of its demographic dividend, and an ecosystem to boost innovation. Our new strategy will enable our clients and us to further the country’s economic development, harness the domestic market’s potential, and create more opportunities for society at large”.

As part of the India commitments, the release asserted that in the next five years, PwC would endeavor to invest up to Rs 1,600 crore and generate over 10,000 additional jobs – a large proportion of these would come in the sectors of digital, cloud, cyber, analytics and arising technologies.

Currently, the firm has approximately 15,000 employees in India. Further, PwC stated it would endeavor to magnify its focus on subsisting tech-led alliances, explore avenues in emerging technologies, and operate towards a minimum of 40 percent gender diversity in the next five years.