MUMBAI, June 10 -- Indian companies are increasingly moving up the value chain, focusing on higher-end and better-quality products as they look to expand into markets such as the European Union and the US, according to Citi's global head of commercial banking, Tasnim Ghiawadwala.

Speaking to Mint, Ghiawadwala said many of the bank's commercial banking clients in India are no longer aiming only for domestic leadership but are pursuing global scale and competitiveness. The shift, she said, reflects a steady move away from competing at the low end of product segments.

Citi's commercial banking unit serves two broad client segments: emerging corporates with revenues of $10-100 million, and mid-sized companies with sales of $100 million to $...