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
The signing ceremony was chaired by Eric Fajole, Regional Director, French Embassy in India and Ms. Sudha Balakrishnan, Business Head, MNC Banking Group, Kotak Mahindra Bank 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: