May 30, 2022

Alberta Stories

Banking on new investment: Invest Alberta’s collab with ICICI Bank Canada brings global opportunity 

ICICI Bank Canada is collaborating with Invest Alberta to facilitate companies from India looking for investment & trade opportunities in Alberta’s welcoming business environment.  

ICICI Bank Canada is a wholly-owned subsidiary of ICICI Bank Limited, one of the largest banks in India. With headquarters in Mumbai, India, ICICI Bank has offices in 17 locations across the world, including India, Canada, the United States, the United Kingdom and more, with over 5,400 branches and strong global positioning. 

Established in 2003, ICICI Bank Canada is a full service direct bank in Canada, offering a wide range of financial solutions to cater to investment, trade, commercial, corporate, treasury and personal requirements of its niche customer base.  

With a goal to bring more investment to Western Canada, ICICI Bank Canada wants to connect with business in Alberta, collaborating with Invest Alberta to explore expanding investment possibilities for their Indian clients and companies. In May 2022, Invest Alberta signed a Memorandum of Understanding (MOU) with ICICI Bank Canada in Calgary to explore these opportunities. 

MOU signing with ICICI Bank Canada. R-L: John Richardson, Investment Advisor, Invest Alberta; Rick Christiaanse, CEO, Invest Alberta; Sandeep Goel, President & CEO, ICICI Bank Canada; Vipin Gupta, Assistant Vice President, ICICI Bank Canada; Aslesh Ravindran, Senior Branch Manager Calgary, ICICI Bank Canada.  

Recently, Alberta has seen Indian companies like HCL Technologies, Mphasis, Tata Consultancy Services, Wipro Solutions Canada and Tech Mahindra successfully open operations in Alberta, and it’s no surprise these deals have opened the global gateway for further exciting investment interests. 

By working with Invest Alberta, ICICI Bank Canada can facilitate introductions to potential investors. Invest Alberta can also provide services such as sharing publicly available investment information, sector-specific news, research, and help companies map out their investment journey to develop a presence in Alberta. 

These recent expansions continue to elevate Alberta’s status as a global innovation hub. As Alberta continues to position itself as a top destination for global investment, ICICI Bank Canada is also exploring the possibility of establishing its own physical presence in Alberta – more to come.  

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