Page 27 - Banking Finance July 2023

PRESS RELEASE

ICICI Bank commits a contribution of Rs 1,200 crore to Tata

Memorial Centre

ICICI Bank announced a commitment to contribute Rs 1,200 teams, these new centres of excellence in oncology
crore towards Tata Memorial Centre (TMC), a premier treatment will provide advanced and evidence based
institution that runs cancer treatment and research centres therapies to nearly 25,000 new patients a year, doubling
across the country. the present capacity and providing a significant boost to the
country’s cancer treatment infrastructure.
ICICI Bank will donate the money from its CSR funds to set
ICICI Foundation has signed an agreement with TMC to
up three new buildings spanning over a combined area of
express this commitment.Mr. Sanjay Datta, President, ICICI
7.5 lakh square feet and equip them with state-of-the-art
Foundation and Dr. R. A. Badwe, Director, Tata Memorial
machines at TMC’s centres at Navi Mumbai in
Centre signed the agreement in the presence of Mr. Girish
Maharashtra, Mullanpur in Punjab and Visakhapatnam in
Chandra Chaturvedi, Chairman, ICICI Bank and Mr. Sandeep
Andhra Pradesh.
Batra, Executive Director, ICICI Bank.
With the largest contribution from any institution to TMC,
Mr. Chaturvedi also inaugurated the ICICI MRI Facility today
ICICI Foundation for Inclusive Growth (ICICI Foundation), the
at Tata Memorial Hospital at Parel in Mumbai in the
CSR arm of ICICI Bank, will implement the initiative, which
presence of Dr. Badwe and Mr. Batra. This facility is
is likely to be completed by 2027.
equipped with an advanced MRI machine supported by ICICI
With modern equipment and specialised multidisciplinary Foundation.
Release of India Exim Bank Publication on Enhancing Trade and

Investment Relations between India and Central America
India Exim Bank’s study titled ‘Enhancing Trade and Investment
Relations: Between India and Central America’ was released
during the 53rd Latin American Association of Development
Financing Institutions (ALIDE) General Assembly Meeting held
in San Pedro Sula, Honduras on May 31, 2023 by Mr. Luis Antonio
Ramírez, President of ALIDE (right) and Mr. Edwin Araque,
President of Banhprovi (left), in the presence of Mr. Ravindra
Mehru, Resident Representative, India Exim Bank’s Washington
D.C. Office.
The General Assembly provided a platform for deliberations on
current issues impacting India-Central America trade while
identifying opportunities for closer collaboration in diversified areas.
The Latin America and the Caribbean (LAC) region remains an important regional partner for India. The sub region of
Central America, which acts as a bridge between North and South America, is evolving as a region of special interest for
India in the LAC region. Total trade between India and Central America which stood at US$ 159.1 million in 2001, has
increased to US$ 2.9 billion in 2021.
While India’s trade relations with countries in the Central American region have transformed considerably over the last
decade, the structure and pattern are yet to be diversified and there lies huge potential for diversifying India’s exports.
The study also identifies investment opportunities which could be leveraged, based on India’s comparative advantage
and highlights key strategies to further expand India-Central America partnership. As India expands its presence in Central
America, the relationship holds immense potential for mutual growth and promoting shared prosperity.

BANKING FINANCE | JULY | 2023 | 25