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A policy signal aimed at accelerating investment in data centres and cloud infrastructure has placed long-horizon tax certainty at the centre of India’s digital strategy, with the government outlining a framework that would allow eligible technology companies operating in designated zones to enjoy tax neutrality aligned with the national Vision 2047 roadmap.

The move, articulated through a combination of policy statements, budget-linked clarifications and regulatory guidance, is intended to draw hyperscalers, artificial intelligence firms and data infrastructure investors into large-scale, long-duration projects. Officials have framed the approach as a way to anchor capital-intensive facilities whose payback periods stretch over decades, while supporting the ambition of building a multi-trillion-dollar digital economy by the country’s centenary year.

Rather than a blanket exemption across the economy, the proposal centres on sector- and location-specific incentives. These include extended tax holidays and concessional regimes within special economic zones, international financial services hubs and approved data centre parks, alongside customs-duty relief on equipment, accelerated depreciation and stable indirect tax treatment for power, cooling and network inputs. Policy planners argue that such assurances reduce regulatory risk and make India competitive with rival hubs in Southeast Asia and the Middle East.

Data centres have emerged as a focal point of the strategy. Explosive growth in cloud computing, streaming services, digital payments and generative AI has driven demand for hyperscale facilities, each requiring billions of dollars in upfront investment and long-term commitments to energy supply. Government assessments suggest that predictable taxation over a multi-decade horizon is as critical as land and power availability when investors choose locations.

Senior policymakers have linked the tax framework to broader reforms designed to ease market entry. These include streamlined approvals through single-window systems, clarity on cross-border data flows under evolving digital governance rules, and incentives for renewable energy integration to address the sector’s heavy electricity needs. State governments are also playing a role, offering land at concessional rates and rebates on electricity duties to attract marquee projects.

Industry executives have responded cautiously but positively. Large cloud providers and colocation operators have welcomed signals of long-term stability, noting that uncertainty over future tax treatment has historically complicated investment planning. At the same time, companies are seeking detailed rules on eligibility, duration and compliance obligations, wary of policy reversals or narrow interpretations that could dilute the promised benefits.

Economists see both opportunity and risk in the approach. Supporters argue that anchoring global technology players could generate spillover benefits, from skilled employment and local supplier networks to improved digital services for domestic firms. They also note that data infrastructure underpins sectors ranging from finance and healthcare to manufacturing and logistics, amplifying its economic impact beyond headline investment numbers.

Critics caution that extended tax concessions must be carefully calibrated to avoid eroding the revenue base without delivering commensurate gains. They point to the need for clear performance benchmarks, such as minimum investment thresholds, local employment commitments and sustainability standards, to ensure public value. Questions have also been raised about competitive neutrality, with domestic firms seeking assurance that incentives will not unduly favour a handful of global giants.

The policy push comes amid intensifying global competition for data and AI infrastructure. Governments worldwide are offering combinations of tax relief, energy subsidies and regulatory flexibility to attract projects seen as strategic assets. India’s pitch emphasises scale, market growth and democratic governance, positioning the country as a long-term partner rather than a short-term tax arbitrage destination.

AI-related Attacks and Supply Chain Risks Emerge as Top Concerns Nearly 30% of Enterprises Lack Dedicated Cybersecurity Personnel

HONG KONG SAR – Media OutReach Newswire – 28 January 2026 – The Hong Kong Computer Emergency Response Team Coordination Centre (HKCERT), under the Hong Kong Productivity Council (HKPC), today hosted a media briefing to officially release the annual “Hong Kong Cybersecurity Outlook 2026”. The report reveals that cyberattacks have become more automated, targeted, and destructive with the rapid proliferation of Artificial Intelligence (AI) technologies, posing significant threats to business operations and information security. A record high 15,877 cybersecurity incidents were recorded in Hong Kong in 2025, marking a 27% year-on-year increase. The report also highlights five key cybersecurity risks expected to emerge in 2026, mainly under AI-related threats and supply chain vulnerabilities.

HKCERT also released the findings of the “Hong Kong Enterprise Cybersecurity Landscape”, which analyses the current state of local enterprises’ cybersecurity defences and resource allocation in the face of cyber risks. The study covered 622 enterprises (including 544 SMEs and 78 large enterprises) and interviewed 50 cybersecurity service providers to assess the key factors businesses consider when selecting cybersecurity services. The findings reveal that nearly 70% of enterprises have dedicated cybersecurity personnel, showing the increasing importance local businesses place on cybersecurity. Many SMEs have also begun strengthening their security measures, demonstrating a proactive awareness of cyber threats. However, they were behind large enterprises in terms of technology deployment and resource allocation. Moreover, around 35% of businesses using AI would enter corporate data into AI tools, suggesting that there is still room for improvement in local overall defence capabilities and AI governance awareness.

Mr Edmond LAI, Chief Digital Officer of HKPC, stated, “The proliferation of AI can drive innovation, but it can also become a powerful tool for hackers, making cyber threats stealthier and more scalable. Our report indicates a lack of governance in corporate use of AI tools. In particular, the limited resources and knowledge of SMEs may limit their full understanding of the potential risks involved. Moreover, supply chain attacks have become the weakest link in enterprise security, where a single vendor’s vulnerability can trigger a chain reaction of crises, even if the enterprises have robust protective measures. To address these challenges, enterprises must shift from passive response to proactive deployment, starting with establishing clear AI usage guidelines and audit mechanisms, and deeply integrating them into the overall cybersecurity strategy”.

Overview of Cybersecurity Incidents in 2025:

Phishing Accounts for Nearly 60% – Record-High Number of Cases

According to the latest statistics from HKCERT, a total of 15,877 cybersecurity incidents were reported in 2025, marking a new record high. Among them, phishing attacks remained the most prominent threat, accounting for nearly 60% (57%) of total cases. The rise of generative AI has made phishing messages increasingly realistic and harder to detect, further amplifying the associated risks. Attack delivery methods have expanded beyond traditional email to social media or instant messaging platforms (such as WhatsApp) (34%) and cryptocurrency platforms (18%).

In parallel, cases involving vulnerable systems also saw a sharp increase, with 2,328 incidents (15%), representing a more than 3.5-fold rise compared to the previous year. This suggests that attackers are actively exploiting misconfigurations and unpatched system vulnerabilities. Meanwhile, botnet-related incidents remained steady at 18%. While stable in number, botnets are notoriously difficult to eradicate completely, representing a long-term latent threat.

Top 5 Cybersecurity Risks in 2026

Based on industry expert analysis and HKPC’s ongoing research into the local business environment, and considering industry trends and technological developments, HKCERT predicts that the following five cybersecurity risks will pose significant challenges to businesses in 2026:

1. AI-Driven Attacks and Agentic AI Risks
2. Weak AI Governance of Enterprises Increases Data Leakage Risks
3. Supply Chain Vulnerabilities and Third-Party Security Gaps
4. Over-Reliance on Cloud Infrastructure Creates Single Points of Failure
5. Emerging Threats from AI-Enabled Devices

30% of Enterprises Lack Dedicated Cybersecurity Staff, SMEs Lag in Defense and Investment

“The Hong Kong Enterprise Cybersecurity Landscape” reveals nearly 70% of enterprises have dedicated cybersecurity personnel, showing the increasing importance place on cybersecurity. By company size, 67% of SMEs have personnel responsible for cybersecurity, and 95% of large enterprises do. Among them, 26% of SMEs have dedicated cybersecurity personnel, which is lower than the 59% of large enterprises, reflecting different challenges in resource allocation and professional support for companies of different sizes.

Many SMEs have already implemented basic protective measures, such as 48% of SMEs have adopted email security, but there is still room for improvement when compared to the 79% of large enterprises. For Privileged Access Management (PAM), 29% of SMEs are employed, which is still lower than 60% of large enterprises. The figure on using Advanced cybersecurity practices, such as Remote Access Security Measures (SMEs 31% vs 67%), also reflects that SMEs still need support in promoting technological upgrades, especially when data security is increasingly important today, the protection of SMEs of all sizes cannot be ignored.

Regarding investment and resource allocation, SMEs are generally cautious in their investment, but some companies have gradually increased their investment in cybersecurity and training. In the past year 13% of SMEs increased cybersecurity-related resources (including staff and tools), and 12% invested more resources in cybersecurity training. In comparison, the proportions for large enterprises were 41% and 50%, respectively. Looking ahead to the next 12 months, SMEs are relatively conservative in their plans for increasing resources — no matter in recruitment of cybersecurity personnel (SMEs 5% vs 15%), training (SMEs 13% vs 38%) and budget (SMEs 13% vs 36%). However, as cyber threats evolve, it is believed that enterprises will gradually increase their related investments to strengthen their overall defense capabilities.

HKCERT’s Five Key Recommendations: Helping Enterprises Build Effective Cyber Defenses

HKCERT has outlined five key recommendations to help enterprises strengthen their cybersecurity posture:

1. Assigning Personnel for Cybersecurity: Enterprises should assign employees with basic cybersecurity knowledge to be responsible for daily monitoring and response work, with clear division of responsibilities to ensure timely response to emergencies.
2. Promoting AI Governance and Regulation: As the application of AI tools and third-party platforms becomes increasingly widespread, enterprises should formulate relevant policies and operational guidelines, clearly specifying the available tools and scope of data input, as well as procedures for responding to third-party incidents, to minimise operational and reputational risks.
3. Collaborative Efforts of All Staff to Prevent Phishing Attacks: Enterprises should adopt both technical measures (such as email filtering and multi‑factor authentication) and an organisation‑wide security culture to jointly defend against phishing attacks. This helps enhance each employee’s ability to identify suspicious emails and links, thereby reducing the risk of data leakage.
4. Enhance Cybersecurity Awareness and Training across all Staff: Cybersecurity is a shared responsibility across the entire organisation. Enterprises should regularly provide targeted security training for different departments—especially for roles that handle sensitive data—and strengthen incident response capabilities through simulation exercises and case‑based learning to reduce human error.
5. Strengthen Technical Protection Measures: Enterprises should implement essential cybersecurity technologies, including:
   • Email security and access‑rights control
   • Data protection measures (such as encryption and backup)
   • Remote access security measures mechanisms (such as VPNs and identity authentication)
   • Proactive security solutions (such as intrusion detection and firewall monitoring)

As cyber threats grow increasingly complex and attack techniques become more advanced, enabling SMEs to effectively deploy cybersecurity defences has become a shared responsibility across society. In addition to operating a 24-hour incident reporting and supporting hotline, HKCERT continuously monitors local online activities. When cyberattacks targeting Hong Kong are detected, it proactively traces and disrupts the source and issues timely public alerts. In recent years, HKCERT has also leveraged self‑developed AI systems to take down phishing websites in advance, preventing incidents before they occur. To strengthen preventive measures and promote education among SMEs, HKCERT has published multiple security guidelines addressing emerging technology risks, helping technical personnel understand and adopt appropriate protection strategies. At the same time, HKCERT actively promotes cybersecurity awareness through a dedicated webpage on in‑depth analysis of major phishing and ransomware attacks, as well as by organising large‑scale public events and participating in over 30 seminars annually.

Since last year, HKCERT further acted as a bridge between SMEs and cybersecurity service providers to launch the Cybersecurity Service Providers Connect Programme with Digital Policy Office. The Programme offers a one-stop platform that brings together 21 vetted cybersecurity service providers, covering four key areas, including Internet Security Solutions, Cybersecurity Assessment Services, Managed Security and Incident Response Services, and Cybersecurity Training Services. It helps SMEs quickly identify suitable solutions and strengthen their cyber defence capabilities. The Programme will continue to enhance its services, promote resource sharing, and collaborate with the industry to build a safer digital business environment.

Hashtag: #HKCERT

The issuer is solely responsible for the content of this announcement.

About Hong Kong Computer Emergency Response Team Coordination Centre

Managed by the Hong Kong Productivity Council (HKPC), Hong Kong Computer Emergency Response Team Coordination Centre (HKCERT) is the centre for coordination of computer security incident response for local enterprises and Internet Users. Its missions are to facilitate information disseminating, provide advices on preventive measures against security threats and to promote information security awareness.

HKCERT collaborates with local bodies to collect and disseminate information, and coordinate response actions. HKCERT is also a member of the Forum of Incident Response and Security Teams (FIRST) and the Asia Pacific Computer Emergency Response Team (APCERT). We exchange information with other CERTs and act as a point of contact on cross-border security incidents.

About the Hong Kong Productivity Council
The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967, dedicated to enhancing the productivity and competitiveness of Hong Kong enterprises through world-class applied R&D, innovative technology services, and integrated manufacturing solutions. As a market-oriented, international R&D organisation, HKPC leverages its deep expertise and extensive industry experience in key areas such as AI, advanced manufacturing, life and health technology, green technology and new energy to drive new industrialisation and support the growth of emerging and future industries.

HKPC focuses on addressing businesses challenges and industrial technology needs, promoting the full integration between technological and industrial innovation. Through technology transfer, product innovation, intellectual property protection and commercialisation of R&D outcomes, the Council fosters collaboration with the local business community as well as top global R&D institutions, delivering added value to industries and advancing the development of new productive forces. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades, reinforcing Hong Kong’s role as an international innovation and technology centre and a smart city.

To help enterprises capitalise on Hong Kong’s strengths in international connectivity to expand into global markets, HKPC offers comprehensive overseas expansion services tailored to critical areas including product development, technology, manufacturing, and management, enabling businesses to successfully go global from Hong Kong.

HKPC is also committed to providing timely and practical support to SMEs and startups with timely and practical , assisting them in accessing Government funding programmes. Through its FutureSkills training initiatives, HKPC helps both industry and academia stay ahead in latest digital and STEM technologies, nurturing a future-ready talent pool for Hong Kong.

For more information, please visit HKPC’s website: www.hkpc.org/en.

Bringing together local and overseas innovation talents and leaders to deepen cross-border, cross-campus collaboration

HONG KONG SAR – Media OutReach Newswire – 27 January 2026 – Hong Kong Science and Technology Parks Corporation (HKSTP), together with 15 local tertiary institutions, marked a major milestone as Hong Kong Techathon+, the city’s largest international intercollegiate innovation and technology (I&T) annual event, celebrated its 10th anniversary. The Hong Kong Techathon+ Finale was successfully held recently (on 24 January) at Hong Kong Science Park. The team “Cresento” from The Hong Kong University of Science and Technology won the Gold Award in the category of Trusted AI and Data Science under the Local Track (Open Group) as well as the Best Presentation Award voted by the audience.

In parallel, the Global University Innovation Network (GUIN), jointly established by HKSTP and its 15 local tertiary institution partners, convened its inaugural forum on 23 January. The forum brought together GUIN member representatives and academic I&T leaders for in-depth exchanges on innovation and entrepreneurship ecosystem development, further strengthening Hong Kong’s position as an international I&T and talent hub.

Hong Kong Techathon+ is co-organised by HKSTP and 15 local tertiary institutions, including: City University of Hong Kong, Hong Kong Baptist University, Hong Kong Metropolitan University, Hong Kong Shue Yan University, Lingnan University, The Chinese University of Hong Kong, The Education University of Hong Kong, The Hang Seng University of Hong Kong, The Hong Kong Polytechnic University, The Hong Kong University of Science and Technology, The University of Hong Kong, Tung Wah College; and three institutions under the Vocational Training Council – The Technological and Higher Education Institute of Hong Kong, Hong Kong Institute of Vocational Education, and Hong Kong Institute of Information Technology.

Record-high International Participation Highlights Hong Kong’s Role as a Hub for Talent, Markets and Opportunity

This year’s Techathon+ attracted enthusiastic participation from both local and overseas universities, Approximately 1,900 participants formed over 470 teams. Notably, 215 overseas teams joined, underscoring the event’s growing international appeal.

Following rigorous selection, 172 teams advanced to the finale, including 122 local teams and 50 overseas teams from Australia, Brazil, Chinese Mainland, Japan, Kazakhstan, Malaysia, Portugal, Singapore, the Republic of Korea, Taiwan, the UK, and the US. Kazakhstan, Japan, Korea and the UK participated for the first time through their university representatives, further demonstrating Techathon+’s reach as an international platform for I&T exchange.

A Decade of Growth: From a Local Challenge to One of Asia’s Major Inter-University I&T Platforms

HKSTP Chief Executive Officer Mr Terry Wong said: “Since its launch in 2015, Hong Kong Techathon+ has grown from a local challenge to one of Asia’s largest intercollegiate I&T events — driving creativity and collaboration while creating international impact. Techathon+ brings together outstanding young talents across tertiary institutions, turning ideas into innovative solutions that respond to societal needs and carry strong potential for real-world application. The platform has expanded the global pipeline of innovators and entrepreneurs, reinforcing Hong Kong’s role as a hub connecting talents, markets, and opportunities, and writing the next chapter of Hong Kong’s I&T story.”

Beyond a Competition: A Comprehensive “Soft-landing” platform for Entrepreneurship

Hong Kong Techathon+ is more than a university innovation competition. Over the past decade, the platform has engaged over 9,000 participants, nurturing innovative talents and supporting the growth of startups.

Non-local teams also participated in a four-day immersive programme, featuring I&T ecosystem seminars, mentorship, investor matching, visits at Hong Kong Science Park, and tours to Chinese Mainland I&T bases, helping participants explore market expansion opportunities across the Greater Bay Area.

HKSTP also invites selected high-potential finalist teams and winners to join its Ideation Programme, offering up to HK$100,000 in seed funding (along with support aligned with participating universities’ startup programmes), free co-working spaces, access to advanced technology resources and professional mentorship. Through HKSTP’s incubation and industry networks, teams are supported from prototype development to sustainable startups operations – scaling progressively and building international impact.

Amazon Web Services (AWS) is the exclusive Technology Enabler for the 10^th Edition of Hong Kong Techathon+, providing participating startups with access to leading cloud and artificial intelligence technologies and platforms. Through this collaboration, AWS offered competing teams technology resources in generative AI and machine learning, professional technical support, and workshop to accelerate innovation and drive Hong Kong’s development as an international I&T hub.

Inaugural GUIN Forum: Deepening Global University Innovation Collaboration

The first Global University Innovation Network (GUIN) Forum was successfully held on 23 January at Hong Kong Science Park, bringing together GUIN member institution representatives and I&T experts. The forum focused on three key areas:

• Exploring strategies for university-industry technology transfer collaboration to achieve win-win innovation outcomes
• Examining the Greater Bay Area as a hub for international innovation collaboration, including opportunities for research commercialisation and cross-border partnership, and
• Strengthening global collaboration networks through actionable pathways.

Speakers included Dr Tony Raven, former CEO of Cambridge Enterprise; Professor Poh Kam Wong, Emeritus Professor at National University of Singapore; and Dr Alwin Wong, Chair of the Association of Technology Transfer Professionals (ATTP), among others.

Co-founded last year by HKSTP and 15 local tertiary institution partners with support from multiple overseas institutions and partners, GUIN aims to bring together leading minds to advance international collaboration in innovation and entrepreneurship, reinforcing Hong Kong’s role as a global talent and innovation hub.

In his welcome address at the forum, Mr Terry Wong, Chief Executive Officer of HKSTP remarked: “We are building GUIN into a ‘global platform for innovation exchange and incubation’ — sharing knowledge, co-creating initiatives, and connecting startups with campus incubation resources and markets worldwide to turn concepts into tangible outcomes.”

Since last summer, HKSTP and university partners have launched the Theme-based Global Incubation Programmes under GUIN with three initiatives currently underway focusing on dentistry, visual technology, and the circular economy. The inaugural ” Global Hub for Future Dentistry” programme has attracted 40 top applicants worldwide. Additional thematic incubation programmes are in preparation, and GUIN members and partner organisations are welcomed to co-develop this expanding international collaboration.

The 10^th Edition of Hong Kong Techathon+ Partial Awards List:

Local Track (Student Group)

Local Track (Open Group)

Global Track

*Winner of Best Presentation Award voted by the audience.

Hashtag: #HKSTP

The issuer is solely responsible for the content of this announcement.