Indian SMEs wooed by Hong Kong, China

Mumbai, Sep 13: The Hong Kong Trade Development Council (HKTDC) invited the country's small and mid-size enterprises (SME) to invest in the USD 3 trillion plus Chinese and Hong Kong markets at a seminar here yesterday.

For an enrollment fee of USD 300, SMEs can avail of confirmed strategic partners, assistance in documentation procedures, market intelligence and online sourcing.

''For a nominal fee we can find potential partners, provide updated contacts, and information and arrange one-on-one meetings,'' HKTDC Southeast Asia and India Regional Director Loretta Wan said.

HKTDC also organizes 31 'trade fairs' and 'expos' every year that witness participation from over 100 countries.

''Zero tariff will be imposed if goods and services are exported through HKTDC due agreement between Mainland China and Hong Kong,'' HKTDC Marketing Manager Lueng Kwan Ho said.

Mainland China's economy is worth around USD 2.68 trillion and is growing at 11.1 per cent, while the economy of Hong Kong, considered as the 'world's freest economy' is worth USD 189 billion and is growing at 6.9 per cent. Electronic and consumer durables are the industries among others that look promising for the country's SMEs.

UNI