Gujarat government joins hands with Japan's Mizuho Bank

The Gujarat government, through its nodel agency Industrial Extension Bureau (iNDEXTb), has inked a memorandum of understanding with Mizuho Corporate Bank and Mizuho Bank, Japan (Mizuho) to promote further economic expansion in India and more particularly in Gujarat.

The agreement was signed by Bhagyesh Jha, MD, iNDEXTb and Takeo Kada, CEO India and general manager of Mizuho Corporate Bank's Mumbai branch.

iNDEXTb and Mizuho intend to leverage each other’s strengths in order to reach out to companies in Japan, which are interested in business opportunities in Gujarat. They will also endeavor to jointly organise dialogue sessions with Japanese and Indian companies, including small and medium-sized enterprises (SMEs).

"The nodel agency of the state government will provide assistance and support to Mizuho’s client companies, which are investing in Gujarat and doing business with Indian firms, by means of introducing local partners as well as assisting with the implementation of projects in Gujarat," said an official statement.

Headquartered in Tokyo, Japan, Mizuho Financial Group is one of the world’s largest financial groups. As a core bank of the group, Mizuho Corporate Bank has a customer base covering 70 per cent of Japan’s listed corporations and a global network of about 70 offices spanning approximately 30 countries, while in Japan, Mizuho Bank, another core bank of the group, maintains accounts for 25 million individual customers and 100,000 companies, primarily SMEs.