‘Infinite India’ for foreign businesses in India by ICICI

By OEM Update Editorial December 23, 2020 1:52 pm IST

ICICI Bank on Tuesday launched an online platform called, ‘Infinite India,’ for foreign companies that will allow them to set-up or expand their businesses in India.

“The platform, called ‘Infinite India’, offers banking solutions as well as value-added services such as incorporation of a business entity, corporate filings, licences and registrations, HR services, compliances and taxation among others,” the bank said in a statement.

The private sector lender said it is an industry-first initiative that offers significant convenience to foreign companies, as it eliminates the need for coordinating with multiple touchpoints leading to a hassle-free experience of doing business in India.

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.”