Yes Bank in pact with Indo-Brazil chamber for strategic co-op

In the run-up to the next BRICS Summit to be held here this year, Yes Bank today inked a pact with the India Brazil Chamber of Commerce for cooperation in knowledge sharing, consultancy, skill and technology.
"Yes Bank has signed a strategic Memorandum of Understanding with India Brazil Chamber of Commerce (IBCC) to enable significant cooperation in terms of knowledge partnerships, project consultancy, B2B opportunities, skill and technology initiatives", the bank said in a statement.
The core sectors covered in the MoU will be sports, media and entertainment with special focus on IT, infrastructure, broadcast driven business opportunities.
The MoU also seeks for building ground for innovative business integrations for businesses from India and Brazil.

Yes Bank said the MoU signing comes in the run up to the 8th Annual BRICS Summit, to be held in New Delhi this year.
Further, Yes Bank and IBCC will jointly endeavour to explore exchange of best practices in sports goods manufacturing, CSR in sports, SM&E talent management.

IBCC will also recommend Yes Bank as the preferred bank to Brazilian companies looking to do business in India, it said.
Speaking about the agreement Rana Kapoor, MD & CEO, Yes Bank said: "The strategic grouping of Brazil, Russia, India, China and South Africa (BRICS), represents the changing world economic order. As drivers of global economic growth and consumer demand, the BRICS partner nations are assuming greater global significance".

Ashutosh Gupta, President, IBCC said: "IBCC aims to foster the economic and cultural ties between India and Brazil, improving bilateral business and assisting its members in relevant matters, providing them a business environment to reach success on common targets".