Search Result for : Hong Kong

The Dollar Business Bureau ‘Hong Kong is a ‘superconnector’ that can provide Indian traders with a vibrant platform to do business,’ Sophia Chong, Assistant Executive Director of the trade promotion body, Hong Kong Trade Development Council (HKTDC) declared on the sidelines of the ‘Food Expo & Hong Kong International Tea Fair 2017’, which hosted an Indian pavilion for the first time featuring 32 Indian food and four tea exhibitors. “Indian traders can not only use Hong Kong as a platform to connect with the local market but also with other Asian markets,” Sophia added. Sophia said, India is one of the biggest trading partners of Hong Kong, and added that there is a big potential for the Indian market to further grow ...

The Dollar Business Bureau India's share in overall exports to top ten destinations globally rose to 51.6% in the last financial year of 2016-17, as compared to 49% in the fiscal of 2013-14, industry body PHD Chamber of Commerce and Industry (PHDCCI) said on Wednesday.  The major export destinations of India include the US, Hong Kong, Japan, the UAE, China, the UK, Singapore and Germany.  The merchandise exports from the country to the US increased to $42.33 billion in 2016-17 from $39.14 billion in 2013-14, Gopal Jiwarajka, President, PHDCCI said in a statement.  Around 53% of exports to the US are primarily consumer goods, capital goods, intermediates and raw materials.  Similarly, the country’s exports to Hong Kong increased 11.2% to $14.2 billion in the last financial year.  “Going ahead, we are hopeful that our exports will touch $325 ...

Sheela Mamidenna  With the Central government announcing curbs on cattle slaughter on May 26, the leather exports industry seems to be bracing itself for a rapid downward spiral. Though there seems to be a lot of misinterpretation on the latest notification, till the Government comes up with a plausible explanation, the Indian leather industry and its buyers are left frazzled.  According to media reports, major international fashion houses have started enquiring from their suppliers whether they would be able to meet their commitments.  Meanwhile, the Commerce and Industries Ministry has suggested a proposal to the Finance Ministry asking for a Rs 4,000-crore package, which includes both tax and non-tax benefits similar to the one announced for the textiles sector last year. According to officials ...

The Dollar Business Bureau  Some of the world’s biggest meat consuming countries have slapped restrictions on meat being exported from Brazil’s food conglomerates JBS S.A. and ERF. China, EU, Chile, Hong Kong have temporarily suspended the meat shipments from the country as news reports from Brazil’s federal authorities revealed bribery investigations into the approval of spoiled meat. Other countries like Singapore, South Korea and Qatar were guarded and monitoring the meat shipments arriving from the South American country official news reports revealed. Brazil’s federal authorities revealed five days ago, that the investigations are continuing on the allegations that JBS S.A. and BRE S.A. had bribed government officials to endorse the sale and export of contaminated meat. Some of the meat including cold ...

The Dollar Business Bureau Hong Kong Trade Development Centre (HKTDC), a facilitator of international trade via Hong Kong, organised a seminar in collaboration with The Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry, in Hyderabad, on March 9, 2017. The seminar provided an opportunity to 'explore business through Hong Kong'. Prominent industrialists, entrepreneurs, and members of FICCI from Hyderabad were seated in the audience. India and Hong Kong have a fairly healthy exchange of trade. Hong Kong stood as India's seventh largest trading partner in 2015-16, with a total trade of $18 billion. In the same period, $12 billion worth exports were made to Hong-Kong. The country makes for 4.6% of India's overall exports. Pearls, precious and semi-precious stones, leather and electronical machinery, cotton, fish, organic chemicals, optical and medical instruments, machinery ...

The Dollar Business Bureau Hong Kong is eager to import consumer electronic components from India and intends to set up assembly plants in India once the deal gets through. This could be a real deal-clincher since Hong Kong is the world’s eighth largest trading economy. Terming the deal as a win-win one for both the countries, the Hong Kong spokesperson said that its Govt, is looking forward to the signing of the Double Taxation Agreement and the Investment Protection Treaty to finalize it. On the bilateral trade front, the country sees a growth in exports from India but imports could stay flat. Speaking to the Indian media, Raymond Yip,  Hong Kong Trade Development Council (HKTDC) Deputy Executive Director said, “because we are the largest exporter ...

The Dollar Business Bureau Hong Kong based electric power generation company, CLP Group, is planning to acquire Suzlon Energy’s 100 MW solar power project in Telangana. CLP India, the wholly-owned local arm of the company is in talks with Suzlon to buy stakes in the project, said a media release. According to the company, CLP India wants to diversify its clean energy portfolio in India. It is already a leading player in wind power generation with more than 1,000 MW capacity and is also one among the biggest foreign investors in the power sector of the country. This acquisition will strengthen the Indian solar power industry and also proves that global investors are interested in the secondary market whether the opportunity is in ...

Source: PTI A Chinese business delegation led by Nicholas Hou, President of Huapion Sourcing Ltd, Hong Kong on Monday met Rajasthan Chief Minister Vasundhara Raje. Raje during the meeting informed the delegation about the steps taken by the state government to create investor friendly atmosphere in the state. During the meeting, the company showed interest in investment in Jaipur Metro and other infrastructure projects in the state, a release said. CMD of Jaipur Metro Ashwini Bhagat, Secretary to CM Tanmay Kumar, Managing Director of Huapion Sourcing (Shanghai) Vincent Mei and other members of the delegation were present during the meeting.