Good subject that deserves some serious thought. India has some 1.129 Billion people. The population grew 21% in the 10 years 1991 to 2001 (according to Wikipedia). The second largest population in the world with a rapidly growing middle class. Once a sleeping giant is no longer sleeping. The Materials Handling industry in India has to grow at a major rate with that sort of growth in demand and associated wealth. Without considering their considerable manufacturing industries if we just think of the demand in terms of imports it has to be high on the agenda of all the major forklift manufacturers.

I would love to hear some informed viewpoints especially about short term expectations.

Can anyone tell us which major players already have manufacturing interests inside India?