ACCOUNTANCY firm Ernst & Young in Jersey are planning to outsource some of their routine work to India.

Andrew Dann, managing partner for the Channel Islands, said discussions were in the very early stages but the firm hoped to have arrangements in place by the end of the summer.

‘We have started a project to see what work can be transferred,’ said Mr Dann. ‘For example, auditing work is not regulated. We also want opportunities from India, so it is a two-way street.’

The plans are in line with an initiative currently being promoted by the Economic Development department to encourage firms in Jersey to build business links with India. This might include outsourcing of back-office work in India (subject to regulatory approval) and the provision of private wealth management and corporate services to India’s growing high net worth population.

*Picture: Ashvin Parekh, partner Ernst and Young, and Andrew Dann, managing partner advisory and assurance business services