Dhruva Advisors, one of India’s leading homegrown tax and regulatory consulting firms, has unveiled its latest report titled “Global Capability Centres: A Step-by-Step Guide for Multinationals in India.” This in-depth guide serves as a strategic and operational playbook for multinational enterprises (MNEs) aiming to establish or expand their Global Capability Centres (GCCs) in India. It provides key insights on the GCC lifecycle, from investment and location decisions to legal structuring, compliance, talent planning, and repatriation strategies, offering a clear view of India’s evolving GCC landscape.

A comprehensive guide on establishing GCC in India, it offers MNEs insights on investment, compliance, talent, and tax, reaffirming India’s position as a leader in the GCC ecosystem

As of FY24, India is home to more than 1,700 GCCs, employing close to 1.9 mn professionals and generating USD 64.6 bn in revenue. This figure is projected to double by 2030, reaffirming India’s position as a strategic hub for global operations. Dhruva’s report comes at a time when global enterprises increasingly shift from transactional models to capability-driven GCCs focused on digital innovation, AI, sustainability, and enterprise-wide transformation.

The report covers every stage of the GCC lifecycle – entry strategy, investment structuring, legal formation, operating models, tax planning, transfer pricing, talent acquisition, risk management, repatriation, and eventual exit strategies. It includes detailed comparisons between SEZ, STPI, DTA, and GIFT City frameworks, and provides real-world insights through recent client case studies across banking, insurance, IT, and manufacturing sectors.

Commenting on the launch of the report,Mr. Dinesh Kanabar, CEO, Dhruva Advisors, said, The GCC narrative in India has shifted from cost arbitrage to capability arbitrage. Global organisations now see India as a strategic partner in transformation, not just execution. This report offers practical guidance to help multinationals unlock India’s potential whether in entity formation, tax planning, or operating model design. Our aim is to support businesses in co-creating long-term value while confidently navigating India’s complex tax and regulatory landscape. More than a checklist, this report serves as a blueprint for sustainable success.”

Looking ahead, the future of GCCs in India is poised to be driven by advancements in digital transformation, artificial intelligence (AI), and sustainability. As businesses increasingly adopt AI and automation to enhance operational efficiency, India’s GCCs are evolving into hubs of innovation, driving digital-first solutions across industries. Furthermore, with a growing emphasis on environmental, social, and governance (ESG) goals, GCCs in India are playing a pivotal role in shaping sustainability strategies for global enterprises. These trends are not only redefining the role of GCCs but also cementing India’s position as a leader in the global capability centre ecosystem.

It is designed for global business leaders, CFOs, CHROs, legal heads, tax professionals, and policymakers engaged in global delivery strategy, especially across sectors such as BFSI, healthcare, automotive, technology and engineering.

The report can be downloaded from here.

About Dhruva Advisors
Dhruva Advisors offers an extensive range of services in the tax and regulatory space to clients in India and globally. With a highly regarded team of seasoned professionals, Dhruva delivers well-thought-out strategies and solutions for complex tax and regulatory issues. The firm has advised on some of the most significant transactions and managed several of India’s largest and most critical tax controversies.

Dhruva is also recognized for pioneering solutions across various aspects of domestic and international tax, backed by a proven track record. The team brings deep industry expertise across diverse sectors, including Aerospace & Defence, Automotive & Ancillary, Agro & Chemicals, Conglomerates, Energy & Resources, Education, Financial Services, IT & ITes, Manufacturing & Real Estate, Global Capacity Centres, Pharma, Life Sciences & Healthcare, Private Equity, Transport, Telecom and Media.

The Foundation for MSME Clusters (FMC), as the implementing partner of the “Green Threads” programme funded by the European Union under its SWITCH-Asia initiative, in collaboration with the Panipat Exporters Association, organized a pivotal workshop at Days Hotel by Wyndham, Panipat. The session was designed to equip exporters with knowledge of the European Union’s fast-evolving sustainability guidelines for textiles and apparel, particularly around compliance, traceability, and environmental accountability. The event was graced by Mr. Lalit Goyal, President, Panipat Exporters Association; Mr. Vinod Dhamija, President, Haryana Chamber of Commerce and Industry; Mr. Rajat Grover, President, Young Entrepreneurs Society; Mr. Puran Rawal, Vice President, Young Entrepreneurs Society; and Mr. Parvinder Singh, Director, Global Alliance for Textile Sustainability (GATS), Mr. Nitin Arora, President, Dyer Association, whose participation underscored strong industry support for Panipat’s green transition.

Experts from GFA, Reverse Resources & Green Story joined Foundation for MSME Clusters in Panipat for a session on the EU Green Deal under SWITCH-Asia’s Green Threads project

Opening the session, Mukesh Gulati, Executive Director of FMC, underscored the urgent need for Panipat’s exporters to align with international sustainability standards while reaffirming FMC’s commitment to guiding the city’s transformation into a global hub for circular textiles. He emphasized that FMC is not here merely as an outside expert, but as a long-term partner working hand in hand with Panipat’s industries to ensure sustained progress, with the goal of taking the cluster at least two steps higher than where it stands today.

Welcoming the dignitaries at the EU Workshop (Right to Left): Mr. Lalit Goel, President – Panipat Exporters Association; Mr. Sandeep Singh, AGM -SIDBI; and Mr. Sandeep Joshi, FMC

The urgency of these changes stems from the existing global textile crisis, where the fashion industry is responsible for nearly 10% of global carbon emissions, 20% of wastewater pollution, and generates 92 million tonnes of textile waste annually. With fast fashion driving overconsumption, less than 1% of textiles worldwide are currently recycled back into new garments. In response, the European Union has introduced stricter sustainability and circularity rules to curb overproduction, demand traceability, and ensure garments entering the EU are durable, recyclable, and environmentally responsible. For Panipat, which recycles a major share of India’s textile waste and exports to global markets, these guidelines are not just regulatory hurdles but a critical opportunity to modernize and lead.

The workshop featured leading international voices driving fashion sustainability. Harshita from Global Fashion Agenda (GFA) shared insights on the EU textile strategy, covering new requirements for eco-design, durability, and the upcoming Digital Product Passport (DPP) that will soon be mandatory for apparel entering EU markets. Ina Bahungna from Reverse Resources presented traceability mechanisms that enable exporters to map textile waste flows and comply with the EU’s Extended Producer Responsibility (EPR) framework. Chinky Yadav from Green Story demonstrated the importance of Digital Product Passport (DPP) in tracing the product’s lifestyle, from its creation to manufacturing and distribution. The mechanism allows for maintaining how environmentally-sustainable the stages were like water usage, recycling, repair, etc. The DPP will have businessowners to make informed choices.

The Green Threads programme funded by the European Union under Switch Asia Programme is delivered by a strong consortium of global and national partners: Foundation for MSME Clusters (FMC) as the implementing partner in Panipat; Copenhagen Business School (CBS) leading academic research on sustainability branding and traceability; the Small Industries Development Bank of India (SIDBI) enabling green financing for MSMEs; Global Fashion Agenda (GFA) advancing policy and industry engagement; Reverse Resources providing cutting-edge traceability technology.

Together, the consortium aims to establish Panipat as a global sustainable textile hub, introduce the Digital Product Passport for greater transparency, enhance MSME skills and technology for resource efficiency, and expand access to green financing through equity, lending, and grants.

The workshop drew strong participation from Panipat’s exporters, HR leaders, and compliance managers, who gained clarity on upcoming EU mandates, carbon tax implications, and opportunities for green financing. With Green Threads, funded by the European Union under its SWITCH-Asia programme, Foundation for MSME Clusters and its consortium partners CBS, SIDBI, GFA, Reverse Resources, and Green Story are ensuring that Panipat is not left behind in the global shift toward sustainable textiles, but instead emerges as a leader in circular fashion, strengthening India’s position in the international market.

About FMC

Foundation for MSME Clusters (FMC), a leading non-governmental, not-for-profit public charitable trust, established in India in 2005. FMC has made remarkable strides in fostering sustainable livelihoods and environmental progress through our innovative cluster development approach. Our work spans more than 300 MSME clusters, supporting over 100,000 artisanal and industrial units, ranging from household operations to medium-sized production entities. As an empanelled Nodal Agency with the Ministries of MSMEs and Rural Development, FMC extends support to prominent schemes like SFURTI, and is also providing technical, research, and evaluation support to various organizations such as SIDBI & KVIC. FMC has implemented multiple projects on environment and livelihoods with support from agencies like NABARD, UNIDO, UNDP, EU, ADB, and major corporates such as Cisco, Mahindra Finance, HCL, Yes Bank, and Hindalco.

• Over 200 CRPF personnel and 50 volunteers joined hands for the palm seed plantation drive, carried out in coordination with CRPF and ExNoRa

CoinEx Charity, the charitable arm of CoinEx, a global cryptocurrency exchange, in association with Seerakku, an NGO committed to sustainability, took the lead in a large-scale ecological restoration effort, planting 2,000 palm seeds recently at Ambattur Lake, one of Chennai’s most vital water bodies.

25K Palm Tree Seeds Plantation Drive

The plantation drive was inaugurated by Thiru Joseph Samuel, MLA (Ambattur), and Shri M. J. Vijay, DIG (Principal, RTC CRPF Avadi). More than 200 CRPF personnel and 50 volunteers participated in the drive. Carried out in line with the Green India Mission and the Tamil Nadu Wetland Mission, in coordination with CRPF and ExNoRa, brought together leaders from government, security forces, and community organisations.

The Ambattur Lake plantation goes beyond environmental action. It resonates deeply with CoinEx Charity’s core theme, “Bridge to Hope”, which seeks to build bridges for underserved communities, enabling them to cross divides of isolation and inequality to pursue sustainable development and equal opportunities. The palm seeds, planted by the hands of CRPF personnel and volunteers, thus symbolised more than ecological renewal-they stood as markers of resilience, inclusion, and hope.

CoinEx Charity highlighted that the plantation of 2,000 palm seeds at Ambattur Lake went beyond an environmental activity, symbolising its belief that every initiative has the power to create lasting change. The organization views each tree as a living promise of hope for future generations. Through its ‘Bridge to Hope’ initiative, CoinEx Charity is committed to blending technology with compassion to reduce inequality, restore balance with nature, and foster a world where opportunity and sustainability coexist.

Mr. SP. Dinesh, Founder, Seerakku, said, “At Seerakku, we believe that every seed we plant is a step towards a carbon-neutral India. The Ambattur Lake initiative is not just about restoring a waterbody, but about inspiring collective responsibility for our environment. When communities, security forces, and organisations come together like this, we don’t just fight climate change, we build a sustainable legacy for generations to come.”

About CoinEx

Founded in 2017, CoinEx today serves over 10 million users across 200+ countries and regions as a global cryptocurrency exchange. Beyond delivering secure and professional financial services, CoinEx, through its charitable arm, continues to place social responsibility at the core of its mission, working tirelessly to build not only a stronger financial ecosystem but also a greener and more hopeful future.

About Seerakku

Seerakku is a passionate environmental organisation dedicated to conserving nature, mitigating climate change, and fostering sustainable development. Its mission is to rejuvenate ecosystems, empower communities, and inspire collective action toward a greener future. With a commitment to innovation, collaboration, and tangible impact, it spearheads initiatives that blend ecological restoration with socio-economic upliftment.

India doesn’t lack compassion. It lacks capacity. Even as funding for social change grows, the sector continues to grapple with a critical leadership void. In a bold response to this challenge, India Leaders for Social Sector (ILSS) and the Harish & Bina Shah Foundation (HBSF) have launched the Harish and Bina Shah Centre for Talent and Leadership – an institution designed to fuel the next generation of visionary, values-driven changemakers.

Signing of the MoU

This Centre marks a pivotal investment in India’s nonprofit talent and leadership ecosystem. It’s a step in addressing the chronic leadership deficit that continues to hold back the sector, even as philanthropy and CSR surge. With a strategic partnership in place, ILSS and HBSF are placing leadership front and centre of the nation’s development story. This Centre will address that challenge through flagship learning programs, women’s leadership accelerators, community-led engagement platforms, and a growing body of sectoral knowledge and research.

“We are at a moment in time where India’s development goals cannot be achieved without a strong and resilient social sector,” said Anu Prasad, Founder and CEO of ILSS.

“This Centre is our response to that urgent need. It is a space dedicated to nurturing values-based, future-ready leaders who can navigate complexity, drive systems change, and build institutions that last. We are grateful to the Harish and Bina Shah Foundation for believing in this mission and walking with us in shaping the sector’s next chapter.”

Backed by a long-term philanthropic commitment from HBSF, the Center will focus on distinct pools of leaders such as crossover leaders and emerging women leaders, and key anchors like management and leadership adapted to the social sector, to enhance the leadership capacity of social sector organizations. “Across cohort-based programs, communities of practice, toolkits, and knowledge pieces – this centre will enable India’s social sector to access and benefit from world-class learning opportunities that are rooted in context“, said Archana Ramachandra, COO of ILSS and Head of the Centre. “We are grateful to Harish and Bina Shah Foundation for their support, and are excited for this partnership to create a robust ecosystem for social sector leaders on talent and leadership.”

“Investing in people is the most enduring way to create impact. I have always believed that. And so, this partnership with ILSS is a natural extension of those values. It recognises the incredible potential of nonprofit leaders and the pressing need to support their growth with world-class learning, peer communities, and long-term strategic support,” said Harish Shah, Chairperson, Harish & Bina Shah Foundation.

By 2030, the Centre aims to directly equip over 1000+ leaders. Through this powerful convergence of learning, leadership, and community, the Harish and Bina Shah Centre for Talent and Leadership is poised to become a catalytic force by shaping a sector that is not only compassionate but also deeply capable of delivering transformative change for India’s future.

Bina Shah, Executive Director, Harish & Bina Shah Foundation, added, “Our vision for the platform is that it centres compassion, competence, and courage in leadership. We hope that this Centre becomes a beacon for changemakers across India who are building a more just, inclusive and resilient society.“

About ILSS

India Leaders for Social Sector (ILSS) is a pioneering institution set up in 2018, dedicated to strengthening leadership and management capacity in India’s social impact sector. Through transformative learning programs, research, and community-building across its Centres of Excellence, ILSS is building the leadership infrastructure needed to power effective, mission-driven organisations and accelerate sustainable, systemic change across the country.

About Harish and Bina Shah Foundation

The Harish & Bina Shah Foundation (HBSF) is a philanthropic organisation dedicated to advancing equity, opportunity, and dignity across India. Established in 2002, the Foundation has supported a wide range of initiatives across geographies and communities, addressing both long-standing needs and emerging priorities. Its work spans education, healthcare, and livelihoods, as well as legal aid, environmental sustainability, arts and culture, and social empowerment. HBSF believes in building strong, enduring partnerships with nonprofits, institutions, and funding agencies. Its approach is patient and professional, combining long-term support with a focus on organisational development, leadership, and sustainable impact. By working alongside committed changemakers, HBSF continues to foster innovation, strengthen communities, and contribute to India’s social and developmental progress.

If you’ve ever avoided stairs, skipped a walk, or woken up stiff and sore, you know how much knee pain can take over your life. For many, arthritis or joint degeneration isn’t just an inconvenience – it can feel like it’s stealing freedom, step by step. According to Dr. Girish Kumar K, Orthopaedic & Robotic Joint Replacement Surgeon at Aradhana Orthopaedic Centre, there’s good news: robotic-assisted Total Knee Replacement (TKR) is changing the game.

Robotic TKR combines advanced imaging with precise robotic guidance to create a perfectly tailored solution for each knee. The implant fits exactly where it should, alignment is spot-on, and the procedure minimizes trauma to surrounding tissues. The result Less pain after surgery, faster recovery, and a smoother path back to activities you love.

Dr. Girish Kumar K, Orthopaedic & Robotic Joint Replacement Surgeon at Aradhana Orthopaedic Centre

Patients who have experienced robotic TKR often describe feeling almost “back to themselves” within weeks. Everyday movements – walking, climbing stairs, even dancing – become easier and more natural. Surgeons report that the technology also makes it simpler to handle complex cases, reducing risks and improving long-term outcomes.

What makes robotic TKR truly remarkable is its ability to personalize care. Every knee is unique, and the robotic system allows surgeons to account for small differences in anatomy that traditional methods may miss. This precision not only improves how the knee functions but also increases the longevity of the implant. Patients often regain a level of comfort and mobility that seemed impossible before surgery.

Recovery has become more manageable too. Smaller incisions and careful tissue handling mean less post-operative pain, fewer complications, and a quicker return to daily routines. Many patients are surprised at how soon they can start walking comfortably and resume hobbies that once felt out of reach.

In short, robotic-assisted knee replacement isn’t just about a new tool in the operating room – it’s about giving people back their mobility, independence, and confidence. Knee pain doesn’t have to define your life anymore. It’s not just surgery; it’s a step toward reclaiming the freedom to move, live, and enjoy every day without limitations.

SHE Consulting (Success in Healthcare & Education), a leading healthcare education consultancy dedicated to advancing clinical training standards, proudly hosted the first-ever ASPiH (Association for Simulated Practice in Healthcare) International Conference in India.

SHE Consulting Hosts India’s First ASPiH Conference; MediSim VR Showcases the Future of Healthcare Training

The landmark event, titled ASPiH India 2025, was held on Saturday, August 23, 2025, at the Sri Ramachandra Institute of Higher Education and Research (SRIHER), Chennai, bringing together over 250 global and Indian leaders in medical education, healthcare simulation, and immersive technologies. This historic gathering marked a turning point for India’s medical science education ecosystem, firmly placing the country on the global simulation map.

A day prior, on August 22, participants engaged in pre-conference workshops at SRIHER and the Apollo Simulation Centre. These sessions delivered hands-on simulation training in nursing practice, interprofessional education, and allied health disciplines, facilitated by leading international and Indian experts.

By bringing ASPiH India 2025 to Chennai, SHE Consulting bridged global best practices with India’s fast-evolving innovation ecosystem, empowering medical educators and institutions to deliver training that aligns with international standards while addressing India’s urgent healthcare workforce needs. The event also underscored how simulation and immersive technologies can strengthen national healthcare priorities, aligning with the Government of India’s vision under the Ayushman Bharat Digital Mission, Skill India, and National Medical Commission (NMC) reforms aimed at building a future-ready healthcare system.

Makani Purva, Director of SHE Consulting, and a global leader in simulation-based education, said, “Bringing ASPiH’s flagship conference to India is a proud moment for SHE Consulting. We believe India is ready to embrace global best practices in simulation and immersive learning. ASPiH India 2025 provides the perfect platform to connect international expertise with India’s medical education ecosystem and drive meaningful change in how healthcare professionals are trained.”

Dr. Adith Chinnaswami, Co-Founder of MediSim VR, a sponsor of the event who spoke on ‘Emerging Technologies: Integrating AI, VR, and XR in Simulation’, added, “This event marks a milestone for India’s simulation community, opening doors for greater collaboration between Indian institutions and international partners. ASPiH India 2025 creates the perfect platform for knowledge exchange, innovation, and joint research. At MediSim VR, we are proud to pioneer how AI and VR are transforming India’s medical science education ecosystem, making training more immersive, accessible, and globally competitive. Our work strongly complements the government’s vision under Ayushman Bharat and Skill India, ensuring that next-generation doctors and nurses are equipped with globally benchmarked skills. We’re delighted to be part of this movement, advancing simulation-based education while helping shape policy-level conversations for healthcare transformation.“

India on the Global Simulation Map
With ASPiH India 2025, India firmly takes its place in the global healthcare simulation conversation, enabling educators, researchers, and innovators to collaborate on advancing patient safety, clinical competency, and training quality. The conference featured keynote sessions, immersive workshops, and live technology showcases-bringing international expertise directly to Indian institutions and ensuring the country’s healthcare training ecosystem evolves in step with global standards.

As India scales these innovations, it is poised not only to transform its own healthcare education system but also to emerge as a global leader for the Global South in simulation-based medical training-setting new benchmarks in equity, quality, and innovation.

About SHE Consulting
SHE Consulting (Success in Healthcare & Education) helps healthcare organizations transform medical education and training through simulation, immersive technologies, and leadership development. Founded by Prof. Makani Purva (senior NHS clinician and simulation leader), Mr. Makani Hemadri (healthcare quality improvement specialist with global training), and Mrs. Aarthi Rajendran (healthcare strategist with 16+ years in NHS transformation), SHE Consulting combines clinical expertise, strategic leadership, and innovation to deliver impactful training programs, faculty development initiatives, and healthcare quality improvement solutions. With a mission to improve patient safety and clinical outcomes, the company bridges global best practices with local healthcare needs across India and beyond.

About ASPiH
The Association for Simulated Practice in Healthcare (ASPiH) is a UK-based organization dedicated to advancing the science and practice of healthcare simulation. ASPiH provides education, research, and advocacy to promote excellence in simulation-based learning worldwide.

This festive season, Rado-Switzerland’s vanguard of material innovation and timeless sophistication-unveils a luminous celebration of presence, sentiment, and enduring design with its latest campaign: The Time Is Now. It reminds us that there is no better moment than this one to express our gratitude, our admiration, or our love.

Hrithik Roshan and Katrina Kaif showcase Rado’s timeless Captain Cook and Centrix Diamonds

Led by global icons and brand ambassadors Hrithik Roshan and Katrina Kaif, the eye- catching campaign honours the quiet brilliance of the present moment-a chance to pause, reflect, and give with intention. In a fast-paced world, Rado watches offer something truly rare: permanence. Not merely worn but remembered.

A Rado timepiece is far more than a gift. It is a heritage in the making-crafted in signature high-tech ceramic and shaped by a design legacy that has always stayed ahead of its time. This is luxury redefined: understated, meaningful, eternal.

Hrithik Roshan and the Captain Cook High-Tech Ceramic Chronograph

Sporty yet refined, bold yet effortless – the Rado Captain Cook High-Tech Ceramic Chronograph is a statement of duality. Hrithik Roshan wears it with ease, embodying its fusion of precision performance and sophisticated form. Its matt black 43 mm monobloc high-tech ceramic case is paired with polished rose gold-coloured accents, presenting a striking contrast that feels both contemporary and enduring. This wonderfully light and impressively scratch resistant watch is presented on a matt and polished black high-tech ceramic bracelet, secured by a titanium 3-fold clasp for a seamless fit, ensuring an exquisite comfort to the wearer. Powered by the automatic calibre R801 and regulated in five positions for better accuracy, this chronograph is built for precision – whether on rugged terrain or within the quiet elegance of a tailored evening.

“The Captain Cook is not just a watch; it’s a companion. Strong, versatile, and always composed,” shares Hrithik.

Katrina Kaif and the Centrix Diamonds

Sculpted for those who seek grace, the Rado Centrix Diamonds is a poetic study in brilliance and elegance. Adorned with 60 full-cut Top Wesselton diamonds around the bezel and 11 more on a luminous brown mother-of-pearl dial, it is a timepiece designed to enchant at every glance. Crafted with polished rose gold PVD-coated stainless steel and high-tech ceramic links, the Centrix Diamonds is both enduring and ethereal. It houses the calibre R763 automatic movement, enhanced with an anti-magnetic Nivachron™ hairspring for accuracy that lasts across generations.

“The Centrix Diamonds isn’t just beautiful – it carries a quiet power. It’s refined and graceful. It is a truly luxurious work of art,” says Katrina.

More Than a Timepiece – A Gesture That Lasts

Adrian Bosshard, CEO of Rado, reflects, “At Rado, we craft timepieces that become part of your story. This campaign is an invitation to celebrate life’s defining moments – with something as enduring as the memories they create.”

With The Time Is Now, Rado invites you to mark the present with something that lives on. Because true luxury isn’t about keeping time – it’s about making it matter.

VinFast Auto India, a subsidiary of global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with State Bank of India (SBI), the nation’s largest bank, to provide retail car financing through its exclusive dealer network. The agreement aims to offer a seamless suite of credit solutions ahead of the company’s highly anticipated launch.

Under the agreement, customers will enjoy tailored financing solutions, including attractive interest rates, flexible repayment options, up to 100% on-road funding, exclusive offers and priority services – applicable across VinFast’s entire product portfolio. Dedicated SBI representatives will be available at all VinFast showrooms to provide on-site support, making EV ownership more accessible and convenient for a wider range of Indian consumers.

Mr. Pham Sanh Chau, VinFast – CEO Asia and Shri Ajay Kumar Jha, General Manager, Retail Loans – SBI signed the MoU for retail EV financing solutions for VinFast customers

The collaboration allows VinFast to leverage State Bank of India’s extensive pan-India network of nearly 23,000 branches to reach customers across urban and emerging markets alike. It also aligns with the company’s broader goal of accelerating the adoption of sustainable transportation solutions in India, one of the fastest-growing EV markets globally.

This agreement underscores VinFast’s commitment to simplifying the path to electric mobility for Indian consumers. Through competitive financing options and seamless support, VinFast seeks to enable more customers to experience its EVs at a time when electric mobility is rapidly expanding and becoming an integral part of the nation’s transportation future.

The MoU was signed by Mr. Pham Sanh Chau, CEO of VinFast Asia, and Mr. Ajay Kumar Jha, General Manager – Retail Loans, State Bank of India.

Mr. Pham Sanh Chau, CEO of VinFast Asia, said, “Our collaboration with the State Bank of India, the nation’s largest and most trusted nationalised bank, is a significant step in building a strong foundation for VinFast’s growth in India. SBI’s unmatched reach and credibility, combined with our premium electric vehicle portfolio, will make VinFast vehicles more accessible to customers across urban and rural markets. This partnership will not only offer convenient and competitive financing solutions, but also extend the brand’s presence to a broader audience, enabling a seamless and holistic EV ownership journey.”

Shri. G. S. Rana, Deputy Managing Director, Retail-Personal Banking & Real Estate, State Bank of India, said, “As EV adoption accelerates, access to financing will be key to driving this transition. Our collaboration with VinFast will not only provide customers with convenient credit options for its premium EV lineup but also reinforce the Bank’s commitment to building a 7.5% green portfolio by 2030. With over Rs. 128 crore already raised through Green Deposits for EV loans in FY25, we see partnerships like this as vital catalysts in advancing India’s shift toward sustainable mobility.”

As VinFast gears up for the launch of its VF 6 and VF 7 models, this agreement highlights the company’s ongoing efforts to establish a strong and customer-focused footprint in India. VinFast has also recently inaugurated its EV assembly plant in Tamil Nadu, marking a significant milestone in its long-term growth strategy.

About VinFast
VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses.

VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia.

Learn more at vinfastauto.in.

About State Bank of India
State Bank of India is the largest commercial bank in terms of assets, deposits, branches, customers, and employees. It is also one of the largest mortgage lender in the country which has so far fulfilled the home buying dreams of around 31 lakh Indian families. The home loan portfolio of the bank has crossed Rs. 8.5 lakh crore. As of June 2025, the bank has a deposit base of over Rs. 54.73 lakh crore with CASA ratio of 39.36% and advances of more than Rs. 42.54 lakh crore. Ranked as the 4th most trustworthy bank in the world by Newsweek, SBI commands a market share of 27.7% and 19.03% in home loans and auto loans respectively. SBI has the largest network of 22,980 branches and 62,200 ATMs/ADWMs in India with more than 76,800 BC outlets. The number of customers using internet banking stand at 14.2 crores. With SBI’s digital strategy right on track, the bank witnessed 66% of new savings accounts being opened through the integrated digital and lifestyle platform YONO in Q1 FY26. YONO, which has more than 9.04 crore registered users, witnessed 27.4 lakh new YONO registrations in Q1FY26. In terms of digital lending, the bank disbursed pre-approved personal loans worth Rs. 1,791 crores through YONO during Q1 FY26. As on 30th June 2025, SBI has 21 million followers on Facebook, 3.3 million followers on Instagram, 4.8 million followers on X and 8.42 million subscribers on YouTube. State Bank of India is the most followed bank globally on Facebook, Instagram & X.