Welcome Address by Mr. RAVI TODI : HONG KONG (HK) is a window to China .

Major offices which are there in Shanghai & Beijing are in HK. English speaking is there in the country , visa is free of cost . Place for tourism & shopping . Speech by Mr.SIMON GALPIN about HK : HK is one country & two systems . Is the only country where an individual takes the government to court & wins . HK has the worlds busiest cargo port & 3rd busiest international passenger airport . HK was there in the FORBES magazine in FORBES TAX MISERY INDEX 2010 . Corporate tax 16.5% in HK , personal income 15% and the allowances are very generous . NO VAT , NO ESTATE DUTY , NO CAPITAL GAINS TAX , NO WITHOLDING TAX . Mobile phone penetration rate 193.2% . 3rd highest average broadband , strong financial services . Capital raised for IPL from HK highest . 48 international schools serving students of more than 30 nationalities . HK is a cosmopolitan place and has a range of choice for restaurants . HKs land area is less than Ireland & Panama and is also less than 1% of Chinas land area HK has confirmed double relief agreements with 21 trading partners . ( not with India yet ). HK is spending on infrastructure to get better connectivity with China . HK is not seeking for capital , but it is seeking for entrepreneurs ideas , participation to increase competition in HK . Mr.PARTHA KUNDU : HK is also host to a large number of professionals from India in banking sectors etc . Major sourcing centre for Indian companies . Mr.ROMIT DASGUPTA : HKs facts & figures ignited him to do a business in HK . with reference to PEST Analysis HK shines in all of them .