Invest HK invites Indian IT, pharma

The Federation of Andhra Pradesh Chambers of Commerce and Industry (Fapcci) organised an interactive meeting on 'Investment opportunities in Hong Kong' with Invest HK, a department of the Hong Kong Special Administrative Region (HKSAR) represented by its government, here on Thursday.

"China presents a vibrant market but is risky and it would be much better for SMEs to enter Mainland China through Hong Kong. Our team is here to invite IT-related and pharma companies to invest in Hong Kong,"said John Rutherford, associate director general, Invest HK. He was here along with Cindy Kwong, head-telecom, media and multimedia of Invest HK.

Explaining the advantages of investing in Hong Kong, Rutherford said that the pearl river delta region of southern China was the fastest growing region and offers a low-cost manufacturing as well as a demanding consumer base, whose retail sales are 25 per cent more than Beijing and Shangai put together.

"Hong Kong offers a strictly enforced Intellectual Property (IP) legislation and CEPA, the free trade agreement between China and Hong Kong is WTO compliant and has brought 26 service sectors and about 1,100 product codes within its purview effective from January 2005," he said.