As promised earlier we bring to you a recap of The Event held in New Delhi ‘promoting Shenzhen – Hong Kong as gateways of investments in China’.

The Event organized by the Hong Kong and Shenzhen government and HKDC alongwith ASSOCHAM in New Delhi provided a platform for Indian corporates seeking to invest into the Chinese markets.

With approximately 300+ participants from the industry and a number of delegates - ASSOCHAM made remarkable efforts to make the event a huge success and there was lots to take back home.

Dezan Shira would in particular like to thank the following officals of ASSOCHAM:

1. Mr. Ravi Mukharjee, ‘Development Consultant & Representative, in China, who provided us with all details of the event and help to coordinate it with the Chamber in India

2. Mr. Anil K Agarwal, Chairman, International Affairs (he was  immediate past president of ASSOCHAM) and President of Cosmos Group

3. Mr. MC Pandey, Senior Director International Division

4. Mr. D.S Rawat, Secretary General

Mr. Amit Aggarwal, Director, Cosmos International Ltd. is specially thanked for his continued support throughout the event.

China Briefing and India Briefing’s new issues were much liked by the participants. 2point6billion was known to many in Delhi with many more expected to become avid readers.

The event opened with welcome remarks from Mr. V.N. Dhoot, President, ASSOCHAM. This was followed by the key note speeches by Mr. Xu Zongheng, the Mayor of Shenzhen Municipal Government, Mr. Fred Lam, the Executive Director (ED) of HKDC, Mr. Sun Yuxi, Ambassador of China to India and finally Ms. Wang Suiming, Senior advisor , Shenzhen Municipal Government.  

After this an overview of the Hi- Tech industry Development in Shenzhen and in India was considered, where Mr. Wang Xuewei, Director General of Shenzhen Bureau of Trade and Industry spoke on location, basic facts and figures of economic development, environment and future of Shezhen’s hi - tec industry. He said

“Shenzhen is most hi tec and advanced. About 141 enterprises from global economies have set up in Shenzhen. India is and will be very important in global economy. The bilateral trade between Shenzhen and India in 2006 was over 1 billion USD. Today there are 22 Indian companies in Shenzhen and there is great potential for many more.”

Mr. D.K Ghosh, ‘Chairman of ASSOCHAM’s China Committee and Chairman & MD, ZTE India Pvt Ltd, had on his agenda “ZTE  in India -the growth story” (They entered Indian market for the first time in 1999), highlighting the continuously evolving presence.

1. Sales doubling year-on-year: USD 100 million in 2004, 220 million in 2005 and USD 620 million in 2006

2. Won National Backbone DWDM Network of BSNL in 2002 and Entire National CDMA Network of BSNL in 2003

3. Established strategic partnership with SPICE in GSM products & services in 2004

4. Significant break through in cell phone market of TATA in 2005

5. Awarded (2006-07( CDMA system orders by Reliance, BSNL, SPICE, TATA & won all the NGN orders from BSNL,MTNL, TATA, Aircel.

6. In 1999 had only four persons working in India. By the end of 2006 the total amount of employees were 1100 including 90% local people.

On the Chindia strategy he concluded to say

“lets Create the century of Chindia together”!

That was very impressive Mr. Gosh!

Mr. Robinson Yu, Executive Director, Huawei India said

“ India and China are two countries but similar in various aspects. A new era of growth exists between them. Their bilateral trade is set to cross 30 Billion before 2010. We should aim at enhancing mutual corporation between the two. Further said that India is one of our strategic markets, we have spent lots of time in understanding the markets here. Indian business rules are different from China’s. Our motto is: when our customers grow, we grow. I wish China and India’s friendship grows stronger each year.”

Mr. Junius Ho, Vice President, The Law Society of Hong Kong, informed the gathering on :Intellectual Property Right Protection in Hong Kong: A comprehensive Regime to protect your innovation & Hong Kong – The Preferred Centre for Regional IPR Management in Greater China:

1. IPR is protected by the common law and the locally enacted Ordinances.

2. The HK Holding company is regarded as a matter of law in the PRC as a foreign company, like an Indian company. The HK Holdco may set up a Wholly-owned foreign enterprise (WOFE) in Mainland China for its business there.

3. Using a HK company to manage ones IPR in Greater China is a common practice. The benefits that arise are: 1.Control management and minimizing tax by payment of license fee for your IPR to your HK Holdco.  (HK – profit tax at the rate of 17.5%.)

4. International investigation and domestic investigation agents on IPR infringements are available in Hong Kong.

5. Special tax concessions for R & D are available Hong Kong. 

A lot of knowledge out there for the Indians.

Mr. S C Mak, MD, Walden International KH Ltd. informed the participants

“HK is an easy entry for venture capitalists (VC’s) and its is a hub for VC in Asia. There is a pool of 600 + Venture capitalists in HK. In 2002, 418 million were invested by VC’s in China and in 2007 1.1. billion is the figure.

After his speech, there was a question - answer session and I found a number of Indians asking the speakers on how to set up their businesses in China. I am thankful to ASSOCHAM and the government delegation from HK and Shenzhen to give me the opportunity to speak on incorporations in China.

Indian corporates are eager to do business in/with China however an information gap needs to be bridged. Events like these provide a forum for entrepreneurs to know the real picture and acquaint them with guidance and facilitators as ourselves to turn the “China Dream” into reality.

This entry was posted on Tuesday, September 18th, 2007 at 3:19 pm and is filed under setting up in China, Business, China-India Events. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.