The inaugural HKTDC Lifestyle Expo in New Delhi opens 19 December and continues through 20 December at The Lalit New Delhi. Jointly organised by the Hong Kong Trade Development Council (HKTDC) and The Trade Development Bureau (TDB) of the Ministry of Commerce of the People’s Republic of China, the expo will showcase a range of lifestyle products from Hong Kong and the Chinese mainland to buyers in India.
“Hong Kong is Asia’s lifestyle trendsetter – and a showcase for the latest and hottest products and services on the market,” said Stephen Liang, Assistant Executive Director of the HKTDC. “Reflecting this role, our Lifestyle Expo will spotlight a variety of stylish products of high quality and modern design from Hong Kong and the Chinese mainland that will appeal to India’s growing number of discerning middle-class consumers.”
The expo will feature exhibitors from about 120 Hong Kong and mainland companies operating in a variety of sectors including consumer electronics and ICT products, gifts and premium products, household products and electrical appliances, fashion and accessories and watches and clocks.
Hong Kong and Chinese mainland companies are increasingly setting their sights on the Indian market, with the world’s second-largest population of close to 1.3 billion people distinguished by a fast expanding middle-class and young consumers.
India’s retail market, currently estimated at about US$600 billion, is projected to grow at an average annual rate of 12 per cent to reach US$1 trillion by 2020, according to the India Brand Equity Foundation.
Hong Kong is India’s third-largest export market, with the Chinese mainland in fourth place. The mainland is also India’s largest source of imports.