Asia is the new hot destination for investors looking to expand their wealth. With a large population of skilled workers, a focus on digital technology, and governments that provide support to businesses, Asia has all of the ingredients to attract investors to this region. If you want to go somewhere international for your next investment opportunity, look to these 10 industries in Asia.
1 – Pharmaceuticals
The pharmaceutical industry is a great place to put your investment dollars, no matter where your geographical location. Lots of investors are finding a lot of opportunity in Asia because of the rapid expansion of new markets, innovations, and healthcare priorities. Singapore, especially, has a wealth of investment possibilities in pharmaceuticals. The government and private companies are seeing increases in research and development in new drugs and treatment protocols.
2 – Artificial Intelligence
Another spot that could give investors big returns on their capital is in artificial intelligence. Companies based in Silicon Valley have also put money into expanding this technology in Asia. Japan is one of the key spots in the world that has seen the biggest advances in this robotic technology. A large number of talented and brilliant minds in this region can help make artificial intelligence more global.
3 – Tourism
International travel and hospitality are also hot areas that investors are getting excited about in this region. The country that has the most potential for investors to make cash in is China. China’s exploding population and economic growth make it a great candidate for investors looking to build hotels, restaurants, and tourist attractions. Not only are investors eager to cater to its domestic population, but they are also keen on welcoming more global visitors to this country. Today, China continues to expand as a popular international destination for travellers.
4 – Internet Technology
Anyone involved in the IT industry knows the biggest place for recent investment growth in India. Each year, more international companies choose to open satellite locations in this country to take advantage of the large force of talented workers, low costs, and supportive government. India also has a huge number of people who speak English, which makes the transition into international business much easier. The top IT firms have known about these facts for years and have made huge profits.
5 – Infrastructure Development
Another way investors can see huge profits is to choose to help add infrastructure to rural areas in Asia. One popular place that offers this opportunity is in the Philippines. The Philippines is currently evolving into a global powerhouse in business. There are several large cities that have fully developed infrastructure systems, but most of the country outside of these urban areas is rural and stricken with poverty. In the next few years, investors can grow their wealth by helping bring the countryside into the future.
6 – Retail
The retail clothing industry has always thrived in this region. Sjamsul Nursalim of Indonesia has taken advantage of the prime investing conditions in this area to help expand his fortune. Retail clothing manufacturers flock to Indonesia for the low labour costs and ease of doing business in the country.
7 – Food Processing
Investors can also look into putting their money into international food processing in Asia. Companies all over the world are using spots like Vietnam to cut down on their processing costs. They’ve found Vietnam an attractive place for their operations because of the inexpensive price, low labour costs, and easy regulations for their practices. Investors can get in on this opportunity by partnering with food manufacturers and processing plants.
8 – Mining
The tough mining industry is challenging for new investors, especially if they’re seeking opportunities domestically. In Asia, the best place for new opportunities is in Mongolia. The country is experiencing a boom in mining, with large tracts of land being readied for potential mining. Mongolia has a large number of gold and copper deposits that haven’t been explored until now.
9 – Outsourcing
Outsourcing different tasks is still a popular way to help reign in the costs for large corporations. India is the leading country that takes on most of the outsourcing from other international companies. Investors can look to new ventures that are partnering with Indian firms to outsource tasks such as customer service and manufacturing.
10 – Green Technology
Advances in energy and eco-friendly technology are also suited for big growth in many parts of Asia. China is the leader in developing new green technologies to help curb its own growing pollution and environmental concerns. International investors can also find ways to make money by joining up with some of these firms. In the future, this field is expected to expand to other parts of Asia’s population, such as Vietnam, Thailand, India, Japan, and South Korea.
If you’re in a position to be an international investor, look to these industries in Asia to help you expand your wealth. Global investing is a great way to make money and help support these local economies.