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News >> Technology >>
Hong Kong now woos India tech firms
By siliconindia
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Friday, 06 February 2004, 20:30 IST
MUMBAI: Hong Kong's new IT Hub ‘Cyberport', created specifically for the segment, has received an investment of $2 billion from the government of Hong Kong, reports an Indian daily.
Making a pitch for Indian companies at Nasscom 2004, Nicholas W Yang, CEO of Hong Kong Cyberport management company said, "The Hong Kong government wants to encourage more companies across Asia to invest in the country. Cyberport is one step towards this direction. It already 28 tenants consisting of MNCs like Microsoft, GXS and others from countries like Europe, China, Hong Kong and SMEs."
Mike Rowse, director-general of Investment Promotion (Invest HK) added, "The 'Investment Hong Kong' programme, represented by AF Fergusson, and launched last year in India, was among the moves to promote Hong Kong. The advantages are – no taxes, China can be reached in 3.5 hours; English is the official language. With CEPA (Closer Economic Partnership Agreement) business is easier between Hong Kong and People's Republic of China", he said.
Cyberport is still under construction and will be completed by the end of 2004.
"Through the Invest Hong Kong project we are looking at roping in Indian content companies to start operations in Hongkong. We have also made the services offered by Invest Hong Kong free to ease the process," added Yang.
Charles Mok, president, Hong Kong Information Technology Federation said, "Indian companies are always approaching countries like the US and UK for capital. Companies must consider countries like Hong Kong to raise capital. For SME development the government has developed www.itsolutions.org.hk, through which companies based in Hong Kong can be accessed."