ICICI Bank has announced the launch of ‘Infinite India,’ an online platform for foreign companies who are looking to establish or expand business in India.
“The platform offers them banking solutions as well as value-added services such as the incorporation of a business entity, corporate filings, licenses and registrations, HR services, compliances and taxation among others,” ICICI Bank in its issued statement said.
“The initiative is a part of the host of technology-enabled-services that the Bank is offering to foreign companies/MNCs coming to India. These technology-enabled-services are aimed at strengthening the Bank’s position in the MNC segment, an important area,” the statement said.
Speaking on the launch, Ms. Vishakha Mulye, Executive Director, ICICI Bank said, “Over the years, India has emerged as a preferred destination for foreign investment. We believe that a young demographic profile, strong consumer demand, and supportive Government initiatives have boosted India’s economic outlook significantly. Also, India’s position in the World Bank’s survey on ‘ease of doing business’ improved significantly over the past few years, attracting foreign companies to set up operations here.
“In this improved scenario, we are launching the ‘Infinite India’ portal, that brings together various banking and value-added services on one platform for foreign companies. It frees up their bandwidth from time-taking procedures and thus boosts their business growth by improving overall productivity and efficiency,” Vishakha said.
“The ‘Infinite India’ initiative is part of our strategy to further strengthen our technology-enabled offerings aimed to partner with foreign companies coming to India. We believe that our dedicated strategy for this segment will further simplify the journey of foreign companies looking to start or expand their business in India,” she added.
‘Infinite India’, the most comprehensive program in India, offers a wide range of banking and value-added services to meet the requirement of foreign companies throughout their business lifecycle.