Deloitte & Touche Announce Plans to Invest and Expand in India, China
Deloitte & Touche has announced plans to invest about $50 million in its business process outsourcing operation in India.
Deloitte's global CEO William Parrett told CNBC, "Over the next five years, we are expecting, in terms of new people, new talent, new expertise and appropriate technology, to share our best practice with our clients. We will invest around $50 million into India, both in terms of client service business and a client processing center as well."
Deloitte & Touche runs business process outsourcing centers in Mumbai and Hyderabad. Part of the company's investment plan is to increase the number of employees from 1,700 to 5,000 in the next 18 months, said Tracey Edwards, managing principal of Deloitte & Touche USA LLP, according to The Financial Express of India.
Edwards said the company is committed to promoting women within the organization. Women now make up about 40 percent of the staff, but Edwards said the plan is to make the ratio 50:50. The newspaper reported that the centers provide enterprise applications, technology integration and other support services.
The company expects earnings from its India operations to grow by 20 percent over the next four years.
Deloitte is also planning to pour money into China, where it will invest $150 million over the next five years.
"Right now, in the Asian region we have about 20,000 people,” Parrett reportedly told CNBC. “It is a very important center, but not as big as we would like it to be and certainly not as big as the potential that Asia has over the next decade. We are investing in China and many of the surrounding countries will benefit from that as well.”