Punit Renjen News

India has a tremendous opportunity to expand its manufacturing base due to the current supply chain relocation triggered by geopolitical situation, and the country should grab the opportunity with both hands, says Punit Renjen, CEO-emeritus of Deloitte Global and the incoming chairman of SAP. In an interview to ET's Surabhi Agarwal & Bodhisatva Ganguli, he also talks about his «second innings» at SAP, and how the enterprise software major will significantly expand its India base from the current 17-18% of workforce. He believes that this is India's century and AI will help India further bridge the skills and education gap. Edited Excerpts:How has the transition been from an audit/consultancy business to SAP, which is a storied enterprise software company? I'm a big cricket fan.

Punit Renjen, deputy chairperson-supervisory board, SAP SE. Speaking at a B20 panel on Saturday, Renjen said businesses need to address the climate question as that is what their employees increasingly want; this is what underpinned Deloitte’s work on ESG while he was heading it. “If I want to hire the very best individuals and I want to retain them, I must have a critical response to that question,” he said. Speaking at the same event, Bernard Looney, CEO of BP, said ESG serves both moral and business good.

Deloitte has said it is ditching its Russia and Belarus member firms, becoming the last of the Big Four audit firms to announce it is exiting Russia following Vladimir Putin’s invasion of Ukraine.

Deloitte has ceased all business activity and client work in Ukraine following the country's invasion by Russia, the firm's global chief executive said, as the Big Four auditor looks to ensure staff safety.

Deloitte has ceased all business activity and client work in Ukraine following the country's invasion by Russia, the firm's global chief executive said, as the Big Four auditor looks to ensure staff safety.