The growing importance of India and the rich potential that the country offers to the New Zealand economy and businesses has prompted one of the largest multinational consultancy and audit firms to appoint a person dedicated to this market.
PricewaterhouseCoopers (PwC) has just announced the appointment of Ravi Mehta as a Tax and Private Business Partner and as the firm’s India Market Leader.
This appointment spells a rise in status and position for Mr Mehta, who held the post of Director at PwC until recently.
“Ravi provides assistance relating to New Zealand inbound and outbound investments, including compliance with tax, accounting and other regulatory frameworks. He has been involved with several high-profile mergers and acquisitions in Australia and New Zealand, advising on sale and purchase agreements, acquisition structures and due diligence,” a PwC press release said.
Destination India
Earlier in PwC ‘World to 2050’ Report, the Firm’s Economics Editor Chris Money had said that India has the potential to sustain its higher growth rate for longer and become a $10 trillion economy in purchasing power terms by 2020.
“But this relies on India making sustained progress on infrastructure investment, institutional reforms and boosting education levels across the whole population. The importance of New Zealand’s free trade discussions with India are underlined by this forecast as the fastest growing of our largest trading partners and set to become the second largest economy in the world by 2040,” he said.
Another Partner
On another note, PwC confirmed admission of Lyn Hunt as Consulting Partner.
A member of the New Zealand Accounting Standards Board and leader of the PwC Accounting Consulting Services (ACS) group, she advises companies and public sector and not-for-profit organisations on complex financial reporting issues under International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS).
