Hong Kong today said that it can do funding and development of infrastructure projects in India by appreciating the Modi government's "pro-growth" stance. PM Modi and Leung has agreed to take India-Hong Kong cooperation to even higher levels.
Modi is also said about the two day India Investment Summit, which will seek to attract global investments in sectors like railways, highways, power, ports and renewable energy. Modi expressed confidence that the trade between India and Hong Kong will continue to grow and added that he sees wealth of prospects, fresh opportunities.
Leung said that economic strategies devised and pursued by PM Modi, opportunities are increasing because of the "pro-growth". On increasing cultural relations and and people to people ties, he said that they have forwarded a draft MoU on cultural cooperation to the Indian government, also looking forward to the signing as soon as possible. He added that education, technology and innovation are other areas where both the sides can enhance collaborations.
Leund said "India is a world leader in IT and I know about their ambitious expansion plans for the sector, through the 'Make in India' programme," In 2014-15, the bilateral trade between India and hong Kong stood at $19.17 billion. India has received $1.57 billion as foreign direct investment from that country during April 2000 and September 2015.
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