Gujarat seeks Hong Kong investments

A business delegation from the western Indian state of Gujarat examined bilateral business opportunities with Hong Kong.

The 12-member business delegation also pitched Gujarat as a destination for large infrastructure investments through public private partnerships. It briefed Hong Kong’s top corporate groups and business organisations about the state-sponsored private equity investment company, Gujarat Venture Finance, Ltd., its operations and funds for Hong Kong investments.

The Indians also noted that Hong Kong investments were welcome in Gujarat’s Dholera Special Investment Region, the Gujarat International Finance Tech-City project and industrial parks.

They explored trade and investment possibilities with leading Hong Kong based companies in power, construction, and urban transport.

At a seminar organised by the India & Hong Kong Chamber of Commerce, the delegation again showcased the progress made by Gujarat and the opportunities the state offers.

Gujarat is one of India's most prosperous and business friendly states. Its double digit growth rates continue to outpace growth in other Indian states. The Economist claims Gujarat has less onerous labour laws than other Indian states, reliable electricity and an effective bureaucracy.