Related Keywords: added advantage of having a domestic market, Chinese markets, erode profit margins, gateway for Indian companies, Hong Kong Trade Development Council, Hongkong, Hongkong companies with labour intensive factories, located on Chinese mainland, rise in production cost, second biggest textile and garmen exporter, seek althernative production bases
In recent years, the sustained rise in production costs on the Chinese mainland has eroded the profit margins of many Hong Kong companies with labour-intensive factories located on the Chinese mainland, prompting them to seek alternative production bases elsewhere.
India is rising as a new choice of relocating labour-intensive industries from China and also as a retail market of good potential, according to reasearch report by The Hong Kong Trade Development Council (HKTDC).
