ICICI has entered an agreement with UK Trade and Investment (UKTI) to help Indian firms capitalize on opportunities in the UK.

The move is aimed at organizing training events and providing additional investment assistance for Indian businesses looking to enhance their ability to expand in the country.

A statement said that the key benefits of the collaboration would be exchange of resources between the two countries. "They will also explore on conducting educational events specifically tailored for SMEs, across India. Programmes with specific industry and/or geographical region focus will also be organised to facilitate growth of the particular industry/ geographical region with advice and guidance from UKTI and ICICI Bank, on key issues relating to financing international trade.", he said.

Chanda Kochhar, managing director, ICICI bank said that the partnership would help the Indian businesses to grow in the UK and vice versa. "ICICI Bank has been constantly working on initiatives that will help elevate the eco-system for the Indian SMEs. Through this initiative we envision further awareness to the Indian businesses by means of knowledge and counseling sessions, thereby helping them take their businesses to the next level of growth," she added.

The bank has its presence in the United Kingdom, Russia and Canada; branches in United States, Singapore, Bahrain, HongKong, Sri Lanka, Qatar and Dubai International Finance Centre and representative offices in United Arab Emirates, China, South Africa, Thailand, Malaysia and Indonesia. The bank' s UK subsidiary has set up branches in Germany and Belgium.