Hong Kong Strengthens Ties with India

In a bold move to enhance bilateral relations, Charles Ng, the associate director-general of investment promotion at Invest Hong Kong, has landed in India’s bustling cities of Mumbai and New Delhi. This visit, which kicked off on Sunday, aims to supercharge investment and innovation collaborations between Hong Kong and India.

A Gateway for Indian Businesses

The Hong Kong Special Administrative Region (HKSAR) is positioning itself as the pivotal gateway for Indian companies eyeing expansion into the lucrative Chinese mainland as well as North and Southeast Asia. The HKSAR government emphasizes this unique role as a catalyst for mutual growth and opportunity.

High-Stakes Discussions Ahead

Fueled by ambition, Ng's agenda features face-to-face discussions with some of India's leading firms and investors. The focus? Establishing a strong foothold in Hong Kong to leverage its advantageous business landscape for global growth. With clear regulations, low taxes, and robust capital markets, Hong Kong stands out as the ideal launchpad for Indian enterprises.

Exclusive Event: Gateway to Growth

A standout moment of this visit will be the event titled "Gateway to Growth: Exploring Business & Investment Opportunities in and via Hong Kong." Co-organized by InvestHK and other prominent Hong Kong agencies, this event will see Ng enlighten participants about the freshest developments in Hong Kong's business ecosystem, spotlighting its strategic virtues for Indian establishments.

Unlocking Opportunities in a Booming Economy

Ng recognizes the potential of the Indian economy—one of the fastest-growing in the world. He notes, "India isn’t just a burgeoning startup hub; it’s also home to a wealth of high-net-worth individuals searching for diversified investment avenues. Hong Kong is uniquely equipped to meet these demands." With nearly 4,700 startups in sectors like AI, health tech, fintech, and Web3, the opportunities for Indian investors are staggering.

Inviting Indian Families to Invest and Live

Ng also highlighted the New Capital Investment Entrant Scheme, which presents an enticing chance for affluent Indian families to create investments while enjoying the perks of living in Hong Kong. This initiative adds an attractive layer to the already rich tapestry of opportunities.

Robust Connectivity and Economic Synergy

Hong Kong’s strategic position at the heart of Asia, coupled with its world-class financial infrastructure and seamless connectivity with global markets, offers Indian businesses the fuel they need to scale regionally and compete on a global stage. Ng stated, "This visit underscores InvestHK's unwavering commitment to strengthening Hong Kong-India ties through greater investment and innovation."

A Growing Economic Partnership

The economic relationship between Hong Kong and India is robust and evolving. In 2024, India was recognized as Hong Kong's ninth-largest trading partner, with a whopping bilateral trade figure of around $26 billion. Additionally, a vibrant Indian community of over 42,000 residents in Hong Kong enriches and strengthens these evolving ties, promising a future filled with endless possibilities.