Infinite India is an initiative of ICICI Bank to provide one stop solution to foreign entities. “Infinite India”, a first-of-its kind solution in India which brings all pre & post incorporation services under one roof along with tailor-made banking suite for foreign entities throughout its business lifecycle.
Assistance in setting up Business Entities in India
All Business and Professional services under one-roof
Tailor-made Banking Solutions
why invest in india
Land of Opportunities
India is indeed a land of opportunities for the medium to long term investments. Increased penetration, formalization of the economy, high savings and investment rates, and rapid digitalization will help sustain high economic growth rates for a long time. According to Capital Economics estimates, the Indian economy will triple in size in the next two decades, and its share of world GDP will increase from 8% to 16%. This is certainly a size not to go unnoticed.
$2.869 Tn (FY 2018-19)
Source: World Bank
49.97 Billion (FY 2019-20)
Index of Industrial Production (IIP)
117.2 (March 2020)
Source: Ministry of Statistics and Programme Implementation
3.60% in Apr 2020
Source: Press Information Bureau Government of India
IMF raises India's Growth Forecast
12.5% for FY2022
Gross Enrolment Ratio (GER) in higher education
50 % by 2030
Source: Ministry of Human Resource Development
The Central Government plans to disburse US$ 1 billion to states for introducing skill development initiatives
Source: IBEF India
Investment Planned across the key Government initiatives in various sectors: (2020 -2025)
Source: Press Information Bureau, Government of India Government of India
Global Trends 2030
Global economic influence will move East
As the population, economy and prosperity increase so will the demand for natural resources
Source: Lloyd’s Register
In India, Income distribution is evolving as affluence rises
Indian Households, by Income (In Millions)
Source: Boston Consulting Group
Multiple reforms & initiatives of the Government of India has led to ease of doing business in India:
Ease of Doing Business Ranking
India at 63rd position (2019)
79 positions jump
Source: Invest India
World’s largest social security program - Aadhaar
95% of the population covered
Source: Press Information Bureau, Government of India
Goods and Services Tax (GST)
Paves way for a common national market
Source: Government of India
to promote business
India is growing and at a great pace. The Government of India has undertaken multiple initiatives in building “Brand India” and offering more value to a foreigner thus, enhancing India’s overall image and enabling the foreigner to say that India is a country worth visiting, investing, working, purchasing or studying.
The main objective of Make in India initiative is to encourage and facilitate foreign investment into the country. This initiative offers businesses/investors to invest and manufacture in 25 industries or sectors in the country. Make in India has been so far the front runner of all the initiatives giving the world an opportunity to use Indian resources to their best abilities. Make in India initiative has built a reputation of a better investment opportunity in India. Make in India
Though the objective of Digital India initiative is to digitize Government activities, it also helps in improving the digital literacy. By this, Small and Medium-sized Enterprises (SMEs) and Micro, Small and Medium Enterprises (MSMEs) have started creating their digital presence and promoting their offerings on the internet. This, to a foreign buyer would create the confidence about the existence of the business and their offerings. Also by such presence, a business could build a reputation thereby improving the value of their offerings. Digital India
Skill India initiative aims to train over 500 million people in different skills on areas where formal certification is lacking especially in the un-organized sector. The outcome of Skill India is to train people such that they get employment not only in India, but also meet the demand of the world. This to a foreign investor gives the confidence of availability of right workforce to execute the necessary businesses or manufacturing capabilities than just availability of resources. Hence Skill India initiative becomes very important for an investor to invest into the country. Skill India
Startup India initiative aims to provide new dimension to entrepreneurship by helping to setup a network of startups in the country. By this initiative, employment would increase not only for people in India, but also an opportunity for migrants (foreigner) who wish to come to India and work/live here. Startup India
This initiative of setting up multiple IITs and IIMs in India has raised opportunities in developing specialized skill in technical and management. This gives opportunities for an investor to find not only the generic skill to execute their business, but also specialized skill to manage them. This helps to eliminate the cultural and managerial differences between the management and the labour workforce and hence get issues resolved faster. Execute India
The “Athithi Devo Bhava” initiative is promoted as part of Incredible India. The objective of this initiative is to train and provide orientation to all stake holders who interact with visitors. By doing so, it creates comfort to travellers and guests to be welcomed and treated well while on their visit and that increases the influx of tourism dollars to the country. With every country fighting for their share of tourists, a reputed country would command a better decision making for a traveller to visit and enjoy the country. Incredible India
India - A Diverse and
rapidly growing economy
FDI inflow during Apr2000 - Mar2020
Deposits grew to $1.9 tn at a CAGR of 11.1% (Feb2020)
Projected Transaction value in Digital Payments in 2023
The Indian banking system consists of 20 public sector banks, 22 private sector banks, 44 foreign banks, 44 regional rural banks, 1,542 urban cooperative banks and 94,384 rural cooperative banks in addition to cooperative credit institutions. According to RBI, as of June 26, 2020, India recorded foreign exchange reserves of approximately US$ 506.8 billion.
Rising income is expected to enhance the need for banking services in rural areas, and therefore, drive the growth of the sector.
The digital payments revolution will trigger massive changes in the way credit is disbursed in India. Debit cards have radically replaced credit cards as the preferred payment mode in India after demonetisation.Source: IBEF & Invest India
Healthcare market in India by 2022 (projected)
Increase in the total investments in health tech startups
Industry CAGR (2015-20)
India is a land full of opportunities for players in the medical devices industry. Healthcare has become one of India’s largest sectors - both in terms of revenue and employment. World’s largest Government-funded healthcare programme was launched by Government of India. The Indian healthcare sector is growing at a brisk pace due to its strengthening coverage, services, greater health awareness, increasing access to insurance & increasing expenditure by public as well private players.
India's competitive advantage lies in its large pool of well-trained medical professionals. India is also cost competitive compared to its peers in Asia and Western countries. The cost of surgery in India is about one-tenth of that in the US or Western Europe.Source: IBEF & Invest India
Share in global outsourcing market
Share in Indian services export
India is the leading sourcing destination across the world, accounting for the largest market share of the global services sourcing business. It is the Second largest tech startup hub of the world. The IT-BPM industry stood at $177 Bn in 2019 and is expected to grow to $350 Bn by 2025. The IT-BPM industry is the largest contributor to the total exports of the country, with 43% of the IT-BPM services being exported in 2018. Total revenue from IT services & BPM for FY2019-20 accounts for $135 bn.
The sector is headed towards achieving $1 Tn digital economy by 2022. The country has become the global digital capabilities hub with around 75% of global digital talent present in the country.Source: Invest India
Share in GDP by 2022
Estimated merchandise exports in FY20
Ranked on Global Manufacturing Index (world economic forum)
India is an attractive hub for foreign investments in the manufacturing sector. The manufacturing sector of India has the potential to reach US$ 1 trillion by 2025 and India is expected to rank amongst the top three growth economies and manufacturing destination of the world by the year 2020. The implementation of the Goods and Services Tax (GST) will make India a common market with a GDP of US$ 2.5 trillion along with a population of 1.32 billion people, which will be a big draw for investors.
With impetus on developing industrial corridors and smart cities, the Government aims to ensure holistic development of the nation.Source: IBEF
Generic medicines exports share (global)
Pharma Exports worth
Investment opportunity value
India is the 3rd largest pharmaceuticals industry in the world by volume. Bio-Pharma is the largest sector contributing to 64% of the total revenue. India is emerging as a key market for Medical Devices and Diagnostics. Indian pharmaceutical sector industry supplies over 50% of global demand for various vaccines, 40% of generic demand in the US and 25% of all medicine in UK.Source: IBEF & Invest India
Renewable Energy capacity by 2022
Investments by 2028
Increase in renewable installed capacity (FY’14 to FY’19)
The Indian renewable energy sector is the fourth most attractive renewable energy market in the world. The Government of India is committed to increased use of clean energy sources and is already undertaking various large-scale sustainable power projects and promoting green energy heavily. This has made the sector quite attractive for foreign and domestic investors. The renewable energy will account 55% of the total installed power capacity by 2030. With a potential capacity of 363 gigawatts (GW) and with policies focused on the renewable energy sector, Northern India is expected to become the hub for renewable energy in India.Source: IBEF
Largest telecom network in the world
Installed devices by 2025
India is the second largest telecom network in the world. Also, it has the secondhighest subscriber base in the world. Tele-density has increased from just 18.23% in FY16to 87.37% in FY20. The average monthly wireless data usage stands at 11 GB. Governmentof India is keen on greater digital coverage and as such, INR 14,200 crore was allocated tothe telecom sector in Budget 2021. The Department of Telecommunications is targeting100% internet coverage for villages by 2022. India will have 1 billion installed devices by2025. In the same duration, there will be 920 million unique subscribers out of which 88million subscribers will be using 5G. 100% FDI is approved in the sector. Government isincentivizing the sector through PMP (Phased Manufacturing Program) and PLIS (ProductionLinked Incentive Schemes)Source: IBEF & Invest India
Largest market globally
To be worth By 2026
India is the fourth largest auto market in the world. The Indian Automotive Industry(including auto component manufacturing) is expected to reach $251-$280 billion by 2026.With growing population, rising household incomes and better roadway connectivity,demand for automobiles is expected to show strong growth. India is expected to become amarket leader in shared mobility in the coming years. Electric Vehicles’ sales grew by 20%in 2020.Source: IBEF & Invest India
Power generation has grown at a CAGR (Past 5 years)
Infrastructure in India is expected to become the third-largest construction market globally by 2022.Availability of electric power, a key factor in Infrastructure projects has been growing at aCAGR of 7.19% for the past 5 years.
The incumbent government has been consistently allocating higher proportions ofbudget for the Infrastructure segment. FDI in infrastructure projects like townships,housing, and construction development have been increasing consistently. With initiativeslike ‘Housing for All’ and ‘Smart Cities’, the Government is looking to accelerate thedevelopment in infrastructure projects.
Under Infrastructure, affordable housing projects, airports, roadways, logistics andwarehousing are areas providing room for significant growth.Source: IBEF & Invest India
OVERVIEW OF REQUIREMENT
Start doing business in India
WHY PARTNER WITH ICICI Bank
Bank with the big name in India
ICICI Bank is a leading private sector bank in India. The Bank’s consolidated total assets stood at Rs.13.772 Trillion at March 2020.
ICICI Bank offers a diversified portfolio of financial products and services to retail, SME and corporate customers. It is at the forefront of offering state-of-the-art services through digital channels like mobile and internet banking and leveraging emerging technologies
ICICI Bank currently has an extensive network of 5,324 branches and 15,688 ATMs across India.Know more
Technologically advanced, convenient, and prompt banking services are integral to any business. ICICI Bank delivers world-class Transaction Banking services that take care of your complete business needs – from anytime, anywhere banking to comprehensive collection and payment services network.Know more
Foreign entities with a large footprint all over the world, need a large partner for their banking needs. ICICI Bank, provides that very platform within India to be a one-stop shop for the entire business life cycle. Open a range of ICICI Bank Current accounts online through the Infinite India platform. Start and grow your business in India and get handholding support during the first few years of the business.
Currently, the Bank has subsidiaries in Canada and the United Kingdom; branches in Bahrain, China, Dubai International Finance Centre, Hong Kong, Singapore, South Africa and the United States; and representative offices in Bangladesh, Nepal, Indonesia, Malaysia and the United Arab Emirates.The Bank’s wholly owned subsidiary ICICI Bank UK Plc has a branch in Germany.
ICICI Bank has won four awards at The Asian Banker Excellence in Retail Financial Services International Awards 2020. This includes the overall award for the 'Best Retail Bank' in India'. This is the seventh year in a row that the Bank has won this award. The other awards won by the Bank include 'Best Savings Account Product, Best Chatbot or Voice Banking Service and Best Business Model'. The Bank was declared winner in these categories among all Asian Banks. This year, ICICI Bank has been ranked 5th in the Asia Pacific (APAC), the Middle East and Africa (MEA) regions.
ICICI Bank won three awards at the IBA Banking Technology Awards 2020. The Bank was declared winner in two categories namely 'Best Use of Data & Analytics for Business Outcome' and 'Most Innovative Product Using Technology' while it was adjudged runner up in the 'Best Payment Initiatives' category.
ICICI Bank won a total of four awards at the Asian Banking & Finance Awards 2020. The Bank was declared winner in the categories of 'Corporate & Investment Bank of the Year– India'; 'Corporate Client Initiative of the Year – India’; 'Rural/Cooperative Bank of the Year– India' and 'Mobile Banking & Payment Initiative of the Year – India’.
Products & Offerings
To tap into one of the world’s fastest growing economy, Infinite India provides a host of services - from incorporating a business entity, various licences & registrations, banking needs, professional services to regular compliances and taxation. We aim to partner throughout the business lifecycle, offering support at every stage to facilitate the business to remain compliant. Be a part of this infinite journey & embark on a hassle-free experience of doing business in India.
Get complete information and assistance in incorporating business in India.Know More
Obtain necessary licences & business registrations with ease.Know More
Technologically advanced, convenient, and prompt banking services that take care of your complete business needs.Know More
Convenient tax solutions & regular compliances made easy.Know More
The very best in payroll management and employee related compliance all at a click of a button.Know More
KNOWLEDGE IS POWER
Take the right decision.
An informed decision.
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