Reported by: banking|Updated: December 31, 2020
ICICI Bank has launched an online platform for foreign companies looking to establish or expand business in the country. Called ‘Infinite India’, the platform offers 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. An industry-first initiative, the ‘Infinite India’ platform offers significant convenience to foreign companies, as it eliminates the need of coordinating with multiple touchpoints leading to a hassle-free experience of doing business in India. Vishakha Mulye, Executive Director at the bank, said the ‘Infinite India’ portal 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, she added. She also said the initiative is part of the bank’s strategy to further strengthen its technology-enabled offerings aimed to partner with foreign companies coming to India.