Home / Business and Economy / Japan-India Finance Deal: Resona Bank Partners Tata Capital
Japan-India Finance Deal: Resona Bank Partners Tata Capital
24 Aug
Summary
- Resona Bank will offer clients financing solutions in India.
- A USD 20 million investment was made by Resona Bank.
- The partnership leverages local expertise and business networks.
Resona Bank has announced a strategic partnership with Tata Capital, aimed at improving financing access for its clients in India. This collaboration will leverage Tata Capital's extensive local network and expertise in financial services.
The partnership follows a significant USD 20 million investment by Resona Bank into Tata Capital Growth Fund III. This fund is managed by Tata Capital, indicating a deeper commitment to the Indian market.
Through a memorandum of understanding, both institutions will combine their capabilities. Resona Bank seeks to support Japanese businesses evaluating opportunities in India, utilizing Tata Capital's deep understanding of the local landscape.
Rajiv Sabharwal, MD & CEO of Tata Capital, highlighted the synergy between Tata Capital's market knowledge and Resona Bank's strong relationships with Japanese corporations. He noted the growth fund's track record in fostering value creation for companies eyeing India's economic expansion.
