"consists of developing" is a correct and usable phrase in written English.
You can use it when you want to explain that something is the result of a process of growth or progress. For example: "The success of the project consists of developing a cost-effective solution."
Acting training generally consists of developing internal and external elements.
According to the CBI, employability now consists of developing skills beyond literacy and numeracy.
The skill involved consists of developing one scoring stroke after another.
This form of therapy typically consists of developing skills and behaviours that enable a patient to cope with and to prevent panic attacks.
The extension of this education consists of developing partnerships willing to engage together in social and political issues that affect us all, including discrimination (against women, minorities etc), racism, unemployment, and other social and urban political issues.
This method consists of developing a unique sequence of partial steps corresponding to the total behaviour of the system.
On the basis of goals detected in course syllabuses, the main observed task consisted of developing practical cladding competence.
The emulation consist of developing virtual implementations of real devices which operate and communicate through web technology.
Since most tropical regions consist of developing countries, their limited technical and financial resources for environmental issues constrain the establishment of national monitoring programs.
The method consisted of developing a model that correlates the backscatter ratio of near infrared light during milk coagulation with the rheological storage modulus.
A non-trivial component to setting-up and maintaining the peer-cooperative learning assistance at Bridgewater consisted of developing strong relations with BSU's Office of Institutional Research IRR) and developing skills at analysis of Institutional data.
