ties with Chinese buyers through this souring fair. India Show, being organised by industry body CII in association with commerce ministry and Consulate General of India in Hong Kong, will be held concurrently with Hong Kong Spring Fair. Usually, such fairs give opportunity to small businessmen to network with international buyers and forge long-term relations.
In fact, Hong Kong itself is a potential market for the products to be showcased by Indian exporters. But it has been a concern that India-Hong Kong trade volume has declined recently. Sample this: India-Hong Kong bilateral trade for 2012 stood at US $20 billion representing a decrease of 11% compared to 2011. Also, exports from India to Hong Kong during this period were worth US$ 10 billion, a decrease of 5.5%.
Kher, an UP cadre IAS, has been in Udyog Bhawan for a long period, first as joint secretary, then additional secretary, and then special secretary before getting elevated as commerce secretary. He was also a director in cabinet secretariat between 1997 and 1999.
But what will Kher, a seasoned bureaucrat, reply to the potential query in Hong Kong about the likely outcome of the current general elections? In fact, investors across the world are now keeping their fingers crossed till May 16 when results of Indian elections will be announced.