Banking Giant State Bank of India (SBI) has launched a new initiative called ‘Japan Desk’, a first-of-its-kind initiative to facilitate Japanese corporates looking to invest in India with banking and advisory services. This SBI Japan Desk will serve as an one-point comprehensive and reliable information support source for India-bound investments of Japanese companies.

Through the Japan Desk, SBI aims to be the window for inbound Japanese investments in India and vice-versa. The Japan Desk — to be based in New Delhi — will facilitate in the establishment of banking relationship with Japanese corporates and Japanese nationals, provide information on industries, sectors etc.

SBI Chairperson Arundhati Bhattacharya said the Japan Desk will serve as a one-stop shop for both Japanese companies looking to invest here and Indian companies exploring outbound investments into Japan. SBI is also planning to set up another dedicated Japan Desk at Chennai.

There are also requests from South Korea to have a dedicated help desk and SBI may look at setting up a desk for that country also.

Kenji Hiramatsu, Japan’s Ambassador to India said that Japanese corporates would appreciate SBI’s support to expanding their businesses in India.