Resona Bank is partnering with India’s Tata Capital to establish a desk in Mumbai to support Japanese companies. The two companies signed a memorandum of understanding on business cooperation on the same day.
Resona Bank announced a partnership with Tata Capital, a nonbank under the Tata Group, one of India’s major conglomerates. It disclosed plans to establish a Japan Desk locally as a dedicated point of contact to support Japanese companies expanding into India.
The parties signed a memorandum of understanding in Mumbai on the same day. Resona Bank will dispatch staff to Tata Capital to handle desk operations. The desk is expected to provide business intermediation and financial services for Japanese companies.
The targeted sectors include information technology (IT), automobiles and steel, but details of the arrangements, duration and costs have not been disclosed at this time. At this stage, the full text needs to be read further.