Though the business opportunities of China’s “One Belt, One Road” initiative are still far from clear, the government plan has prompted all sorts of companies to look for ways to cash in.
Financial firms and infrastructure players are likely to be the beneficiaries during the initial phase of the cross-country project.
Companies involved in “green” businesses and environment-related technologies may also see good prospects, given China’s painful experience with pollution.
“Rather than pollute first and clean up later, China may now want to do things properly right from the start,” says Daniel Cheng, managing director of Dunwell Group, which specializes in environmental technology.
While some are going after the big projects, there are also companies aiming at the relatively poor consumers along the route.
Solar light device maker Nokero, which participated in the Hong Kong International Lighting Fair last month, is one such entity.
One of Nokera’s products, N233, is a solar light bulb that charges during day time and provides lighting for about 6-7 hours at night.
The company’s founder is now studying the Belt and Road initiative to determine how Nokera can play a part with its new product.
“We are trying to understand what programs are available so that we can reach those who are less fortunate and living without access to electricity, burning 20 percent of their income on kerosene to provide light,” founder Steve Katsaros told the Hong Kong Trade Development Council.
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