Air India to invest in Hong Kong

Mumbai: Eight Indian companies, primarily from the financial services, IT, retail and aviation sectors are expected to invest in Hong Kong next year, Invest Hong Kong's Associate Director-General Simon Galpin said.
"We have talked to eight Indian companies from various sectors and they have agreed to invest in Hong Kong next year," he said here.
Galpin, however, declined to divulge the size of the investments.
Invest Hong Kong is a department of the Hong Kong Special Administrative Region and is the government's arm charged with attracting foreign investment into the island.
Presently, nearly 20 prominent Indian firms, including Air India and State Bank of India (SBI), have investments in Hong Kong, he said.
"Total trade between India and Hong Kong, which stood at USD 7.67-billion in 2006, is expected to go up this year with a number of new players increasingly showing interest to Invest in Hong Kong," Galpin said.
04/11/07 PTI/The Hindu

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