Global consulting giant PwC on Monday announced that it will add 30,000 new jobs in India to further expand its presence in the country.

With a current workforce of over 50,000 people in the country, PwC expects to grow its talent pool to 80,000 over the next five years.

To further this agenda, PwC India and PwC US have entered into a joint venture in India to accelerate growth, expand client relationships and enhance quality, the company said in a statement. 

“Our enhanced collaboration between PwC India and PwC US will further accelerate the growth of our global talent footprint and help deliver greater value to our clients. It will also create more opportunities for our people to develop deep technical acumen — all underpinned by quality,” said Tim Ryan, Chair and Senior Partner, PwC US.

“We are committed to playing a meaningful role in India’s growth story and are working closely with clients and stakeholders to help solve important problems and create avenues towards a very bright future for our country. Our new venture is just one step forward in this direction and will further attempt to harness India’s vast demographic dividend,” said Sanjeev Krishan, Chairperson, PwC in India. 

He added that India was a strategically important geography for the PwC Network. “We will continue to focus on enhancing our local capabilities and capacities.” 

As a part of its new global strategy, The New Equation, launched in 2021, the firm announced its commitment to furthering the country’s economic development, harnessing the potential of the domestic market and creating more opportunities for society at large. 

In 2022 alone, PwC India opened three new offices in Bhubaneswar, Jaipur, and Noida to focus on hiring local, highly skilled talent. PwC India is also making strategic investments in response to the ever-changing business environment and the evolving needs of clients and other stakeholders across the globe. 

This includes strengthening in-demand capabilities and service offerings by making acquisitions and continuing investments in practices like managed services, contract compliance, captive advisory and product development.