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InvestHK launches promotion bid in India to raise awareness of Hong Kong’s strategic role in Asia

The Director-General of Investment Promotion, Mr Stephen Phillips, today (12 February 2018) embarked on a five-day duty visit to India aimed at engaging the local business community and entrepreneurs to keep them abreast of the latest business advantages Hong Kong has to offer.

The visit will cover four cities, namely Delhi, Surat, Mumbai and Hyderabad, where Mr Philips will meet business leaders from various sectors including technology, financial services and retail. In Hyderabad and Mumbai, he will also attend business events organised in collaboration with startup organisations.

Mr Phillips said, “India is a fast growing economy and one of our key priority markets. We believe that Hong Kong is the strategic location for Indian companies looking to develop a strong base in Asia and to scale their business globally.

“Hong Kong is not only a major financial and business hub in Asia but also has close proximity to the huge Mainland market. New opportunities abound in areas such as innovation and technology, creative industries, smart city, fintech and biotech. All of these will help Indian companies and entrepreneurs from a diverse range of sectors expand in the region.”

Mr Phillips will also update the Indian business community on Hong Kong’s latest tax incentives such as the proposed two-tier tax regime and other concessionary tax regimes such as corporate treasury centres and aircraft leasing.

According to data from the Census and Statistics Department, inward direct investment from India reached $12.5 billion at the end of 2016, representing almost a 17 per cent year-on-year increase.

A seminar entitled “How to grow your business in Hong Kong & beyond” has been co-organised with T-Hub and will take place in Hyderabad on February 16 (Hyderabad time). During his visit, Mr Phillips will also meet with companies in the aircraft leasing and data centre sectors.

About Invest Hong Kong

Invest Hong Kong is the department of the Hong Kong Special Administrative Region Government established in 2000 to attract foreign direct investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services for overseas and Mainland companies enrolled as its clients. For more information, please visit www.investhk.gov.hk.

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