Saturday, August 4, 1973
FOREIGN COMPANIES SEEK JOINT VENTURES
Some 20 foreign companies are seeking industrial joint ventures
or licensing arrangements with Hong Kong industrialists.
Disclosing this today, a spokesman for the Commerce and Industry
Department said that these active enquiries are being processed by the
Industrial Promotion Branch.
Most of the enquiries have come from the United States and Britain
while the others are from West Germany, Japan, Australia, New Zealand, India
and Belgium.
The interests of these foreign companies ranges from the manufacture
of food products and pollution-control equipment to the production of
suitcases and good quality watch parts.
In addition to these joint ventures and licensing possibilities,
the branch is dealing directly with a number of foreign companies specifically
interested in setting up wholly owned subsidiaries in Hong Kong.
"Some of these projects are heavily capital intensive and represent
advanced technology," the spokesman said.
In the meantime, he said, almost 90 enquiries dealt with in
the past few months might hopefully lead to the establishment of manufacturing
operations in Hong Kong.
Anyone, who is interested in possible Joint ventures and licensing
arrangements with the foreign firms, is welcome to contact the branch in writing.
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