ITPO in pact with Hong Kong trade council to promote commerce

India Trade Promotion Organisation has signed an MoU with Hong Kong Trade Development Council to strengthen the economic partnership and increase bilateral commerce, especially for small and medium-sized enterprises.

The MoU was signed in Hong Kong.

"This MoU reflects the growing desire for deeper business links between India and Hong Kong, with our city serving as the gateway to the Chinese mainland and Asia for Indian companies. At the same time, Hong Kong enterprises see huge opportunities in India," Hong Kong Trade Development Council executive director Margaret Fong said in a release.

The agreement fosters cooperation in areas of mutual interest, including providing each other with information related to trade promotion activities, encouraging businesses to join events organised by the HKTDC and ITPO and identifying potential products and markets.

"Both organisations reaffirmed their resolve to identify and promote key sectors under the ambitious 'Make In India' flagship initiative of the Government of India," ITPO Chairman and Managing Director LC Goyal said. "The partnership will also open new areas of growth for trade with ASEAN countries."