JUNEASIA BUSINESS OUTLOOK4Evolving Industries, Advancing AsiaIndustry in Asia has undergone tremendous changes and has diversified in the past decade. Traditionally, Asia has been a manufacturing hub, but the region is witnessing a shift towards technology and moving up the value chain. This process has been intensified by the advancement of digital technologies and governmental efforts, which contribute to positive changes. China, being the largest economy in the region, is still ahead in terms of industrial modernization. To that end, the country plans on enhancing manufacturing competence by adopting automation, Artificial Intelligence (AI) and other advanced technologies. This change in direction is aimed at moving away from relying on industries that rely on cheap labor, and to establish China as one of the leading producers of sophisticated products like robots, aircrafts and renewable energy. India is also experiencing a significant industrial development. India is currently progressing in software development, FinTech and biotechnology with a stronger information technology industry and growing startup culture. Measures are being taken by the government to encourage FDI, boost the country's industry and improve its competitiveness across the globe. These changes are being driven by the country's demographic dividend with the population now young and increasingly skilled. Southeast Asian countries such as Vietnam, Indonesia and Thailand are on the precipice of becoming the next industrial powerhouse. These nations are advantaged by their geographical positions, cheap labour and endeavour to enhance their infrastructure and business environment. The emergence of new business models such as e-commerce, fintech, and the digital economy is also restructuring the industrial environment in this region, enabling new opportunities for growth. Japan and South Korea are two countries which have kept their focus on advanced manufacturing and technological advancement to fuel industrialization. Keeping abreast of the latest developments in the business landscape, Asia Business Outlook has shortlisted the select few companies and leaders from different industries who have proved their excellence through their innovative approach. In a bid to contribute to the continent's business ecosystem with their result-oriented persistence, they are raising the bar for efficacy. We look forward to receiving your feedback and suggestions. Sudhakar SinghManaging Editoreditor@asiabusinessoutlook.com Vol 01 · Issue 1 - 6 · JUNE, 2024 Alok ChaturvediPublisherManaging EditorSudhakar SinghAssociate EditorIndranil ChakrabortyAssistant EditorHima P MEditorial TeamVishwanathan ARoshan AktharNalini BramhanapalliManager - DesignPrabhu Dutta A.R.N RayEditorial queries editor@asiabusinessoutlook.comSales Team Vinson Raj Ezekiah S. Edward S Shajilal Akshay Pratap SinghTo subscribeVisit www.asiabusinessoutlook.com/subscribe/ or send emailto subscription@asiabusinessoutlook.comMagazine Price is $30 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of Biz Print Media Pvt. Ltd. and Printed at Executive Prints 113/7, Ground floor, Old madras road, Halasuru, Bangalore 560008 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2024 Biz Print Media Pvt. Ltd. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Senior Designer Rajesh R BVisualizer V Hari Priya Suanya Banerjee GM Sales & Marketing Nagendra Kumar KCirculation Manager P Magendran
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