The Infinite India platform, by ICICI Bank, offers banking solutions along with value-added services. These mostly include HR services, license, and registration, corporate filings, taxation, etc.
On Tuesday, ICICI Bank announced the launch of an online platform that will provide banking and value-added services to foreign companies that wish to set up business in India. ICICI Bank, which is a private bank, said that it is an industry-first initiative. that offers a significant amount of help and convenience to foreign companies. It successfully eliminates the need to coordinate with multiple touchpoints to do business in India in a hassle-free manner.
Infinite India, by ICICI Bank, aims to strengthen the position of the lender in the multinational corporation (MNC), which is an important area. ICICI Bank also added that it is going to try and build strong relationships with MNCs in India.
The Executive Director of ICICI Bank, Vishakha Mulye, said that India has become the hub of foreign investment or the years. India’s economic outlook has been improved greatly and through this new online platform, they try to boost India’s economy. She also added that India’s position in the World Bank’s survey on ‘ease of doing business’ has improved drastically over the past few years, which further attracts foreign companies to set up operations here.
Among the key value-added services being provided by this platform are certain incorporation services that are set up like laws as regulations advisory, branch office, project office, liaison office, or Limited Liability Partnership (LLP) advisory.
It also promises to offer services on licenses and registration, human resource services, taxation, etc.
Multinational industries including IT, ITES services, automotive, pharmaceuticals, manufacturing, textiles among various others can now visit the Infinite India portal and apply for any required service. The bank seems to be confident of this new venture and believes it to improve the falling Indian economy.