'Hong Kong trade fair an opportunity for Indian exporters'

Top Stories

»	49% Indian startups now from tier 2, 3 cities: Jitendra Singh
»	'India ranks 3rd in global startup ecosystem & number of unicorns'
»	Tripura exported over 9K tonnes of pineapples in 2 years
»	CPI inflation eases to 6.71% in July, IIP falls to 12.3%
»	Rupee depreciates 12 paise to close at 79.64 against US dollar

SME Times News Bureau | 19 Apr, 2014
The Hong Kong Spring Fair 2014, with which an 'India Show' is to be organized concurrently, will provide Indian exporters an opportunity to establish contact with Chinese buyers, an official press release has said today.

"The sourcing fair will provide Indian exporters an opportunity to forge relationship with Chinese buyers. Hong Kong is a well known and established bridgehead to do business in China," said the release.

"Additionally, Hong Kong itself is a potential market for the products to be showcased by Indian exporters," it added

Commerce Secretary Rajeev Kher will lead a high-level delegation to Hong Kong coinciding with the India Show from April 27 - 30.

The 'India Show' is being organised by the Confederation of Indian Industry (CII) in association with the Ministry of Commerce & Industry and the Consulate General of India in Hong Kong.The show is an initiative of Government of India.

Hong Kong Spring Fair 2014 is Asia's largest spring fair organized by the Global Sources and held at the Asia World Expo.The fair will have over 2700 Booths and it offers great opportunity to suppliers to reach out to volume buyers from over 114 countries.

India-Hong Kong bilateral trade for the year 2012 stood at US$ 20,386 million representing decrease of 11.7% compared to 2011.

Exports from India to Hong Kong during this period were worth US$ 10,491 million, a decrease of 5.5%. Of this, goods worth US$ 9780 million were re-exported to other countries from Hong Kong. Imports from Hong Kong to India totalled US$ 9,895 million (17.5% decline).

The balance of trade for the year 2012 was in India's favour to the extent of US$ 596 million.

India's share in Hong Kong's total trade during the year 2012 was 2.16%. Bilateral trade for the period January to September 2013 stood at US $ 16,878 million showing a decrease of 6.9% compared to the same period in 2012. Exports from India to Hong Kong during this period were worth US $ 8,791 million, an increase of 7.6%, due to increase in exports of natural or cultured pearls, precious or semi-precious stones, precious metals and leather.

The visit by Commerce Secretary to Hong Kong assumes greater significance in the context of enhanced economic and strategic cooperation between the two nations.

The concurrent events that will be held during 'India Show' in Hong Kong includes: four day exhibition, one to one business meetings, Wine Festival by Agricultural & Processed Food Products Export Development Authority (APEDA), India Evening with a Fashion Show and performance by Prince Dance Troupe form Odisha, Food Festival and Seminar on "Building Trade Linkages with India".