India (December 4, 2017) – Zhuhai XH Smartcard Co Ltd (XH Smart), global technology leader that provides end-to-end digital security solutions, smart cards, POS terminals and personalization systems, today announced that it is opening a new subsidiary in India to provide smart card manufacturing service for its clients in south Asia region.
Mr. Zhang Qiang, Member of Zhuhai Municipal Committee and Director of Municipal Committee of Social Affairs; Mr. Li Bingyong, Director of the Bureau of Justice of Zhuhai City; Mr. Zhang Guangnuan, Deputy Director of Zhuhai Municipal Bureau of Commerce; Mr. Liang Zhaoxiong, Deputy Secretary of Zhuhai High-tech Zone; Miss, Yang Jing, Member of Zhuhai Municipal Committee of Social Affairs; Mr Leo He, Chairman of XH Smart Group; Representatives of XH Smart top management and employees of the Indian subsidiary witnessed the opening ceremony of XH Smart India subsidiary. XH Smart representatives held a welcoming ceremony and wore Indian garlands for the Chinese government officials. In a festive atmosphere, Mr. Zhang Qiang and Mr. Leo He started the opening ceremony of XH Smart India subsidiary. All the guests who attended the opening ceremony toasted glasses together to express their best wishes for the healthy development and flourishing of XH Smart India subsidiary.
After the ceremony, Chinese government officials, accompanied by Mr. Leo He, Chairman of XH Smart Group and his colleagues, visited the production workshop and office area of Indian subsidiary, detailed understanding of the preparation and production scope and administrative structure of XH Smart Indian subsidiary. Its state of the art manufacturing equipment, modernized management mode and humanized Office environment deeply impressed the government officials.
“Today's visit to the XH Smart India company has made me feel a kind of intimacy that came to visit relatives and had no sense of strangeness in a foreign country,” said Mr. Zhang Qiang, Member of Zhuhai Municipal Committee and Director of Municipal Committee of Social Affairs. “For those ‘relatives' who are away from hometown, the Government from the actual will set out more care, more support”. The representative of XH Smart Indian company also raised the issue of the actual development of "going out" in the foreign law docking and the bilateral visa processing of both Chinese employees and Indian employees. At the meeting, Mr. Li Bingyong, Director of the Bureau of Justice of Zhuhai City, explained in detail what preparations should be made before the enterprise "going out" and the taxation and capital reflow problems faced after the enterprise "went out". “‘One Belt, One Road' is an opportunity for enterprises, but also a risk. The Bureau of Commerce and the Bureau of Justice will also cooperate in providing the assistance and support to enterprises "going out" and "going out" is a good way for the enterprises to develop a friendly city or to cooperate with the local counterpart government”, said Mr. Zhang Guangnuan, Deputy Director of Zhuhai Municipal Bureau of Commerce.
Mr. Leo He, Chairman of XH Smart group also thanked the Government for its support and help for "going out", and hoped that the Government would encourage more enterprises to "going out" together with XH Smart in order to shape " China's intellectual creation" and strive to move forward. XH Smart highly valued the operation and development of Indian subsidiary. In order to better enable Indian subsidiary to quickly join the global business chain, XH Smart headquarter commissioned a number of senior management and technical personnel and played an effective role in promoting in the installation of machinery, equipment debugging, company's infrastructure construction and local operational staff training. At present, the Indian subsidiary has fully complied with the secure and high standards of production requirements.
The establishment of XH Smart India subsidiary marked the official march into the South Asian regional market. While delivering "Intelligent Manufacturing in China " and "Excellent Products in XH Smart" to local cities, it can solve local employment, improve the local industrial structure. It proceeds the responsibilities and obligations of "Going out" enterprises. It deepens and promotes the cultural and technical, personnel and other aspects of exchanges between the two places so as to achieve a win-win situation of "One Belt, One Road". The establishment of the Indian subsidiary will also shoulder the important responsibility of the global strategic development of XH Smart and will lays a solid foundation for the refinement and the market segmentation in South Asia countries.
As the largest economy in South Asia and a member of the G20, India plays an important role in politics and economy in South Asia and even the entire Asia Pacific region. Coupled with its prominent strategic position, India is an important neighbor of our country and a key link of "One Belt, One Road". In recent years, India's economy and population have grown rapidly, evolving rapidly in the fields of finance, communications and intellectualization. XH Smart has always regarded India as an important overseas market, XH Smart has been committed to providing a secure and convenient digital life and to be the world's most trusted smart solutions provider. XH Smart entering into the Indian market, not only to fill the local market demand vacancy, but also improve the strategic layout of XH Smart in South Asia region. The establishment of the Indian subsidiary is also an important step taken by XH Smart in the practice of the "One Belt, One Road" strategy.