Leaders Pledge to take Bilateral Relations to New Levels
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The Hong Kong Delegation visits the
historical site of Humayun's Tomb in Delhi (4 Feb) |
HONG KONG, Feb 5, 2016 - (ACN Newswire) - More than 200 business
leaders from Hong Kong and India attended a high-level business
dinner in Delhi yesterday. CY Leung, Chief Executive of the Hong
Kong Special Administrative Region and Amitabh Kant, Secretary of
the Department of Industrial Policy and Promotion, Ministry of
Commerce and Industry, Government of India were guests of honour at
the dinner hosted by the Hong Kong Trade Development Council
(HKTDC) at the Shangri-La Eros Hotel in the Indian capital.
The dinner was the concluding event of a successful high-level Hong
Kong business mission to India this week to explore business and
investment partnership opportunities and to foster closer bilateral
ties between Hong Kong and India. Mr Leung led the mission (2-4
Feb) comprising a delegation of 40 prominent businesspeople
representing the city's leading industries, such as financial
services, professional services, logistics, shipping,
telecommunications, construction and engineering.
Taking bilateral relations to new levels
Speaking at the dinner, Mr Leung said his meeting with Indian Prime
Minister Narendra Modi earlier in the day had been a positive one.
"The Prime Minister and I agreed to take our cooperation to new
levels and also to broaden the scope of our cooperation," said Mr
Leung, who added that technology cooperation was an area of great
potential. "We welcome, and indeed look forward to, Indian research
institutions and businesses to work with Hong Kong, and make use of
the platform provided by us to advance and promote science and
technology. I look forward to seeing the results of our joint
research efforts."
In his remarks, Secretary Kant described Hong Kong as one of the
most innovative and creative cities in the world, and said the
decision to bring a large business delegation to India would help
to boost ties between India and Hong Kong. "I am confident that
this initiative will lead to great all-round and comprehensive
development of bilateral relations," he said.
Margaret Fong, Executive Director of the HKTDC, urged Indian
companies to take full advantage of the Council's business
promotion platform. Ms Fong highlighted the HKTDC's presence in
India including offices in Mumbai and Delhi and also urged more
Indian companies to take part in more than 30 international
conferences and trade fairs organised by the HKTDC in Hong Kong
annually.
"Every year our trade fairs in Hong Kong attract some 800 Indian
exhibitors to market their products and services to global buyers.
And close to 14,000 Indian importers, traders and merchandisers
come annually to source quality products for their customers," said
Ms Fong.
Hong Kong: Bridging India and China along the Belt and Road
A key theme of the business mission was to explore new
opportunities brought about by stronger business links between
India and Hong Kong, and Hong Kong's role as a bridge connecting
India to the Chinese mainland market, especially in light of the
Belt and Road Initiative spearheaded by the Chinese government.
The Belt and Road Initiative aims to connect Asia and Europe via
the Middle East and Africa by a series of transport and
infrastructure developments to facilitate trade and cross-border
connectivity. By improving infrastructure and facilities in Central
Asia and Eastern Europe, South Asia and Southeast Asia, and the
Middle East, the Belt and Road Initiative will boost financial
integration, trade and cultural bonds. India, being a key country
along the Belt and Road, can play a crucial role in linking markets
together.
On a mission to build ties
The Hong Kong delegation received a valuable insight into India's
infrastructure development by visiting the Delhi Mumbai Industrial
Corridor Development Corporation Ltd yesterday. The US$1 billion
Delhi-Mumbai Industrial Corridor (DMIC) is billed as the world's
largest infrastructure project aiming to develop new industrial
"smart" cities and converge next generation technologies across
different sectors.
With technology collaboration regarded as an area of great
potential for future investment and business partnership
opportunities between India and Hong Kong, the delegation also
visited the Indian Institute of Technology Delhi.
HKTDC connecting India and Hong Kong
As well as the business dinner in Delhi, the HKTDC also hosted a
luncheon in Mumbai on Wednesday (3 Feb) which attracted more than
120 business and government leaders and welcomed Minister of
Industries, Ports, Employment & Self Employment, Government of
Maharashtra, Subhash Desai, as guest of honour. During the Mumbai
leg of the visit, the delegation attended briefings from leading
Indian conglomerates including the Mahindra Group and the Tata
Group and visited the Bharat Diamond Bourse and The Capital
Building as well as the BSE stock exchange.
Long and strong business links
Hong Kong and India enjoy close and strong bilateral ties formed
over more than 150 years of business and cultural links. In 2015,
India was Hong Kong's fourth-largest export market with total
exports to India expanding 8.1 per cent year-on-year to US$13.1
billion. Major export items included telecom equipment & parts
(US$5.1 billion, 39.3% share) and pearls, precious &
semi-precious stones (US$4.7 billion, 36.3%). On the other hand,
India was Hong Kong's ninth-largest source of imports in 2015,
amounting to US$10.6 billion. India is Hong Kong's seventh-largest
trading partner globally with bilateral trade of US$23.7 billion
last year.
Photo Download: http://bit.ly/1S4yZIG
To view press releases in Chinese, please visit
http://mediaroom.hktdc.com/tc
About HKTDC
A statutory body established in 1966, the Hong Kong Trade
Development Council (HKTDC) is the international marketing arm for
Hong Kong-based traders, manufacturers and services providers. With
more than 40 offices globally, including 13 on the Chinese
mainland, the HKTDC promotes Hong Kong as a platform for doing
business with China and throughout Asia. The HKTDC also organises
international exhibitions, conferences and business missions to
provide companies, particularly SMEs, with business opportunities
on the mainland and in overseas markets, while providing
information via trade publications, research reports and digital
channels including the media room. For more information, please
visit: www.hktdc.com/aboutus. Follow us on Google+, Twitter @hktdc,
LinkedIn.
Google+: http://plus.google.com/+hktdc
Twitter: http://www.twitter.com/hktdc
LinkedIn:
http://www.linkedin.com/company/hong-kong-trade-development-council
Source: HKTDC
Contact:
HKTDC
Communication and Public Affairs Department
Nick Waters
Tel: +852 2584 4517
Email: nick.waters@hktdc.org
For India please contact Cumulus PR Communication:
In Mumbai: Akbar Askari Tel: +91 9971339654, Email: akbar@cumulus.net.in; akbar.cumulus@gmail.com
In Delhi: Rajani Vickram Tel: +91 9999765958, Email: rajani@cumulus.net.in; rajani.cumulus@gmail.com
Copyright 2016 ACN Newswire . All rights reserved.
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