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Hong Kong woos Indian Inc. for investment and expansion

Tags: hong kong, investment, expansion, trade, Indian companies, hktdc, cii, sunny chau, fdi

August 03, 2013 | COMMENTS ( 0 )

Hong Kong woos Indian Inc. for investment and expansion

Hong Kong is the perfect launch pad for Indian companies that are keen to tap into the growing Southeast Asian market, said a seminar on “Fast Track to Expand Business with China and International Markets via Hong Kong” jointly organised by industry body, CII and Hong Kong Trade Development Council (HKTDC).

 

“In a bid to boost investment flows and strengthen inter-regional ties, Hong Kong authorities are giving incentives and encouraging Indian companies to use Hong Kong as a catalyst for their regional and international expansion plans,” said Sunny Chau, Marketing Manager, HKTDC Regional Office, Bangkok. 

 

“Currently, there are about 1,500 Indians companies operating in Hong Kong and their numbers are expected to rise tremendously in the coming months. Trade between India and Hong Kong during 2012 totaled to about US$ 20,300 million, comprising 9895 million US $ as exports from Hong Kong to India and 10,491million US $ as imports from India to Hong Kong. This trade has huge potential to grow,” he added. 

 

Highlighting the capital and investment flow in Hong Kong Markets, he said, “Foreign Direct Investment to India from Hong Kong has been increasing in recent years. Hong Kong is also a major sourcing centre for Indian companies and it has emerged as a major re-exporter to Mainland China of items it imports from India.” 

 

Man Mohan Singh, Chairman, CII Chandigarh Council, said, “India’s relationship with Hong Kong is mutually beneficial and wide ranging; covering- development, trade and investment, climate change, counter terrorism and reform of the global international systems. The Hong Kong - India development partnership is about sharing knowledge and expertise, exchange of best practices, supporting innovation and building capacity and skills.”

 

The seminar provided an ideal platform to over 200 participants looking to expand their business in international markets by providing them the required know how about the business opportunities in Hong Kong.

 

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