Mumbai: Kotak Mahindra Bank Ltd (KMBL) today announced that it has entered into a Memorandum of Understanding (MoU) with Business France, the French national agency in charge of the development of exports and international investments in France, to support companies in the Indo-French corridor and promote business and the start-up ecosystem in India and France.
Business France fosters export growth by French businesses, facilitating international investment in France. It also promotes French companies (mainly mid-sized), business image and nationwide attractiveness as an investment location.
Manish Kothari, President & Business Head, Corporate Banking (Large Corporates, MNC, SME, New Age Cos & CBS), Kotak Mahindra Bank said, “Kotak Mahindra Bank will be the first Indian bank to have signed a MoU with Business France. This tie-up will bolster relationships between India and France by interconnecting the ecosystems of both countries to create most favourable conditions, for increased reciprocal business opportunities. Business France has a good network with Midcorp companies from France and we see good opportunity to on-board subsidiaries via this tie-up.”
Objectives of the MoU:
- To promote business and start-up ecosystem cooperation and identify business and investment opportunities in India and France.
- Kotak Mahindra Bank will be amongst Business France’s privileged Indian banking partner for French companies.
- Business France will accompany Kotak Mahindra Bank’s Indian clients in their entry in France.
- To collaborate for knowledge roundtables organized by Business France India and be exclusive Knowledge or Banking Partner for select events.
- To provide sector expertise through speaker representation and/or knowledge publications such as whitepapers, presentations etc.
