Accenture’s expansion means more employment in India

Accenture’s expansion means more employment in India
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First Published: Thu, Mar 22 2007. 11 28 AM IST
Updated: Thu, Mar 22 2007. 11 28 AM IST
PTI
New Delhi: Bermuda-based consulting firm Accenture today said it will push up the number of management consulting professionals in India to 2,000 by August 2008.
“Currently our company employs around 500 management professionals in India and as part of our global expansion plan, we intend to take this figure up to 2,000 by the end of 2008 fiscal on August 31,” Accenture Business Consulting and Integrated Markets Group Chief Executive Mark Foster told reporters here.
On 21 March, the company announced plans to double the current headcount of 13,000 management consulting professionals worldwide over the next three years.
Accenture is targeting India as a potential market in terms of offering services domestically as well as on the global front. “We see a huge opportunity to leverage brain power available in the Indian market and make it a part of our global management consultancy network,” Foster said.
Risk management is the specific area the company is looking at to offer its services to clients in India besides assisting national players to become global players through mergers and acquisitions and to help foreign multinationals find a foothold in India.
With the retail industry booming in India, Accenture will continue to provide consultancy to this segment and will focusing on the manufacturing sector, specially in areas like automotive,pharmaceuticals, energy and utility.
Accenture is recruiting professionals across the globe aggressively with a special focus on the BRIC countries. Globally it plans to invest around $200-300 mn in acquisitions, of which a substantial chunk could fall into India’s kitty.
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First Published: Thu, Mar 22 2007. 11 28 AM IST
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