Tata Capital has entered into an agreement with Japan's leading business leasing firm — Century Tokyo Leasing Corporation — eyeing a share of the R20,000 crore-worth equipment leasing market in India.
Through the agreement, the companies are hoping to get business mainly from the proposed Delhi-Mumbai Industrial Corridor.
Under the deal, the non-banking financial company Tata Capital — through its wholly owned subsidiary Tata Capital Financial Services — will offer plain vanilla and complex leasing solutions through a separate leasing division called Tata Capital Leasing Solutions.
The leasing solutions would be for all equipments for infrastructure facility, construction, information and communication, plant and machinery, banking, medical, corporate aircraft, power plants and wagons, furniture.
The leasing division wil have a Japan Desk to source business from Japanese firms.