India's Commerce Minister Piyush Goyal announced plans for 50 new industrial parks under the Rs 33,660-crore Bhavya scheme to boost domestic manufacturing and exports. The initiative aims to reduce import dependence and will be implemented in partnership with states and private players.
Hung Shui Kiu Industry Park, part of Hong Kong's Northern Metropolis project, has drawn significant global interest from AI and environmental companies. Chairman Jeffrey Lam anticipates the park will be operational by July next year, with inquiries from the US, Europe, ASEAN, and the Middle East.
Hong Kong's Hung Shui Kiu industrial park operator plans to consider issuing bonds and propose tax concessions to attract businesses. Chairman Jeffrey Lam stated the company will use a HK$10 billion government injection initially and explore bond issuance once a track record is established.
The Hong Kong government has appointed veteran politician Jeffrey Lam Kin-fung to chair the board of directors of the Hung Shui Kiu Industry Park Company – the first entity established to accelerate the development of the Northern Metropolis project. The Development Bureau said on Friday that the board of directors comprises five bureau chiefs and five non-official members, tasked with formulating a “forward-looking development positioning and strategy” for the 23-hectare logistics park, the...
