Asia Economic Growth to Drive Demand for Infrastructure ProjectsKyunghee Park
The economic growth in Southeast Asia, China and India will provide opportunities for companies to invest in infrastructure infrastructure projects such as airports, said Ram Charan, an independent business adviser.
China will have a minimum of 400 airports and India will add at least another 100, said Dallas-based Charan, who has advised companies including General Electric Co., Tata Group and Verizon Communications Inc. Health-care and consumer industries, especially for luxury goods, also provide opportunities, he said in an interview in Singapore yesterday.
“The long-term unstoppable trend is clear, that the largest amount of growth is going to be in this part of the world,” said Charan, who is in Singapore for an event organized by the Australian High Commission and Westpac Banking Corp. “There will be volatility. Keep your eyes on the prize and select where you want to focus.”
Economic growth in Indonesia, Vietnam and Thailand has stoked consumption in Southeast Asia. Most of the region’s 600 million people -- the combined population of the U.S., Germany and Brazil -- will be middle class by 2020, boosting demand for food, beverages and other goods, according to Bain & Co.