ICICI Bank launches Infinite India platform for foreign firms to set up operations in India
ICICI Bank has launched an online platform called Infinite India to help overseas companies looking to set up or grow business in India.
Infinite India provides the foreign firms banking solutions and also value-added services like the incorporation of a business entity, licences and registrations, corporate filings, compliances, HR services, taxation, and others.
The online platform from ICICI Bank is claimed to provide significant convenience to foreign firms by removing the necessity of co-ordinating with various touchpoints, thereby resulting in a hassle-free experience of doing business in India.
According to the private bank, the Infinite India initiative is a part of the host of technology-enabled-services that it is providing to foreign companies/MNCs coming to India. The technology-enabled-services are aimed at consolidating the position of the bank in the MNC segment.
Vishakha Mulye – ICICI Bank Executive Director 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 has 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 these 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.”