“China and India are still full of opportunities and businesses, in both those countries, remain keen to work with companies in the UK.” So says Orchard Principal, Harby Janagol, and he should know as he regularly spends time visiting Beijing, Shanghai, Shenzen, Hong Kong, Mumbai, Delhi and Chandigarh.
During his most recent trip a few weeks ago, he visited Hong Kong and Mumbai, and one the highlights was a major presentation to the Hong Kong Institute of Certified Public Accountants which covered the key processes of achieving a stock market listing in the UK and the role of the Non Executive director.
With a full attendance, there was a lot of interest on the costs of listing, obligations of directors and the liquidity on AIM. It was an important location for such a presentation as Hong Kong plays a major role in supporting Chinese companies seeking a foreign listing or overseas partners.
Harby also met with the Indo China Chamber of Commerce in Mumbai to discuss how they promoted better trade ties between the two countries.
China’s growth in the first quarter of 2010 reached an annualised rate of 11.9%, the highest for over two years, while India’s latest growth rate weighed in at 7.2%.
However certain sectors are of particular interest as Harby explains. “Right now, there’s a lot of interest in cleantech and renewable energy projects in both countries. In addition, China is courting the big retail brands, and India has a requirement for international designers and architects to help support the ever growing infrastructure sector.”
Through his Government and business contacts in China and India, Harby is well positioned to advise Orchard clients on their expansion plans. As Harby notes “In both countries personal relationships remain extremely important in business and these can take time to build. Therefore good connections are important to ensure that the right partners are developed as quickly as possible.”