Major automotive manufacturers have traditionally focused on developing high quality sophisticated vehicles for developed markets, which are reaching saturation point.
India is home to one of the fastest growing mobile phone markets in terms of penetration thanks to tectonic shifts which have taken place within the market over the past decade.
During the past several years, the automotive parts market in Indonesia has seen a significant increase in demand due in large part to the rising middle class throughout the entire country.
Myanmar has seen a renaissance in construction work due to both the economic liberalisation that is happening in the country as well as the necessity of infrastructure growth.
India's engineering industry has grown by an annual average of 12 per cent for the past five years on the back of higher investment in infrastructure development and industrial production, new government initiatives, such as allowing 100 per cent foreign ownership of firms within the sector, and lowering customs duty.
