Employee strength grows by 24%
PwC India today stated that it had ramped up its employee strength in Chennai by 24% over last year, in an effort to meet the growing demand from the local area’s bourgeoning industrial sector, including manufacturing and automobile. PwC India has strengthened its Advisory and Tax Practice presence in the region to address the key requirements of the enterprises here. To accommodate the growing employee base in the city, PwC has moved its local office to a larger premise in the Prestige Palladium in Chennai.
Sharing the news of the expansion of Chennai office, Deepak Kapoor, Chairman, PwC India, said:
As one of the fastest growing firms within the PwC global network, we are increasingly focused on providing professional services to both multinational as well as local companies. Expanding our Chennai office is a well timed move for us, supporting companies here to grow in the challenging economic environment of the day.
The new office will address the growing opportunities in the region and provide Advisory and Tax and Regulatory Services. PwC started its office in Chennai in 1963 and has grown significantly in the last five decades, adding new clients spanning the IT/ITes, automotive and telecom sectors.
Tamil Nadu has over 8 billion dollars of FDI Investments and over 50 PPP projects, and it is a manufacturing base for a number of large and medium scale industries from diverse sectors such as automobile, textile, cement, engineering, pharmaceuticals etc. The Tamil Nadu government is investing heavily in developing the general and port infrastructure. Sectors like automobiles, auto components, electronic hardware, textiles, leather industry and sugar industry have also grown significantly in the state. Further, the government has elaborate plans to develop the state into a Retail and Financial Services hub. Through the new office in Chennai, PwC aims to work closely with clients in these sectors to meet their business demands.
N.V. Sivakumar, Leader South, PwC India speaking at the occasion said:
The Southern region holds great promise for PwC India and it is only natural for us to strengthen our presence in this market to respond to the growing needs of enterprises in the local region. PwC India is geared to meet the emergent demands from its clientele and is strengthening its talent pool and infrastructure facilities here.
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