The Indian wire and cable industry, which has been growing at a rate of around 15% currently, will start growing at a CAGR of over 20% over the next 5 years, as per various estimates.
The Indian power sector has an investment potential of Rs 15 trillion (US$ 223.67 billion) in the next 4–5 years.
Around 293 global and domestic companies committed to generate 266 GW of solar, wind, mini-hydel and biomass-based power in India over the next 5–10 years.
India is expected to have over 180 million smartphones by 2019, contributing around 13.5 per cent to the global smartphone market.
Cable & Wire Fair 2017 (CWF17) is back after garnering unprecedented recognition from the industry stakeholders from around the world in its very first edition, held in 2015. The show this time will be held from October 5-7, 2017 at the same popular venue, i.e. Pragati Maidan, New Delhi, India. Held biennially, CWF is fast becoming an integrating stage to showcase the humungous Indian wire and cable market to the world and fetch latest global industry trends to the Indian soil by attracting all relevant contributors of the industry. And, from that respect, the show has hit the bull’s eye with testimonials abound from who participated.
The thriving Indian wire and cable industry is driven by tremendously growing sectors such as power, telecommunication, infrastructure, automotive, aviation, etc. which individually are multi-trillion investment opportunities and have been doing extremely well in the recent past. The industry, which has been growing at the rate of around 15% currently, will start growing at the CAGR of over 20% over the next 5 years, as per various estimates.
Strong Growth Currents in Power Generation, Transmission & Distribution
The Indian power sector has an investment potential of Rs 15 trillion (US$ 223.67 billion) in the next 4–5 years, thereby providing immense opportunities in power generation, distribution, transmission, and equipment. Between April 2000 and March 2016, the industry attracted US$ 10.48 billion in Foreign Direct Investment (FDI). Around 293 global and domestic companies have committed to generate 266 GW of solar, wind, mini-hydel and biomass-based power in India over the next 5–10 years. The initiative would entail an investment of about US$ 310–350 billion.
Besides, on power transmission front, as on March 31, 2016, PGCIL owns & operates a transmission network of about 1,29,354 ckm of Inter-state transmission lines, 207 nos. of EHVAC & HVDC sub-stations with transmission capacity of about 2,54,848 MVA. Under the Twelfth Five Year Plan (FY 12-17) which has laid special emphasis on development of the infrastructure sector including energy, PGCIL has already made a Capital Expenditure of Rs 88,235 crore ( US$ 13.38 billion) against the Capital Expenditure plan of Rs 1,10,000 crore (US$ 16.68 billion).
India needs Rs 31 trillion (US$ 454.83 billion) to be spent on infrastructure development over the next five years, with 70 per cent of funds needed for power, roads and urban infrastructure segments. Foreign Direct Investment (FDI) received in construction development sector from April 2000 to March 2016 stood at US$ 24.19 billion, according to the Department of Industrial Policy and Promotion (DIPP).
Infrastructure sector is a key driver for the Indian economy. The sector is highly responsible for propelling India’s overall development and enjoys intense focus from Government for initiating policies that would ensure time-bound creation of world class infrastructure in the country.
To be the Largest Telecommunication Market
According to a report by leading research firm Market Research Store, the Indian telecommunication services market will likely grow by 10.3 per cent year-on-year to reach US$ 103.9 billion by 2020. With daily increasing subscriber base, there have been a lot of investments and developments in the sector. The industry has attracted FDI worth US$ 18.38 billion during the period April 2000 to March 2016, according to the data released by Department of Industrial Policy and Promotion (DIPP). India will emerge as a leading player in the virtual world by having 700 million internet users of the 4.7 billion global users by 2025, as per a Microsoft report.
India is currently the second-largest telecommunication market and has the third highest number of internet users in the world. India’s telephone subscriber base expanded at a CAGR of 19.96 per cent, reaching 1058.86 million during FY07–16. Moreover, India is expected to have over 180 million smartphones by 2019, contributing around 13.5 per cent to the global smartphone market, based on rising affordability and better availability of data services among other factors. All these developments seek tremendous growth in optical fiber cable (OFC) network, an appealing prospect for the Indian wire and cable market.
Automotive and Other Growing Segments
The Indian auto industry is one of the largest in the world. The industry accounts for 7.1 per cent of the country's Gross Domestic Product (GDP). India is also a prominent auto exporter and has strong export growth expectations for the near future. In April-March 2016, overall automobile exports grew by 1.91 per cent.
The electrical machinery sector consists of generation, transmission and distribution machinery. The transmission and distribution market expanded at a compound annual growth rate (CAGR) of 6.7 per cent over FY07-13. Boilers (16 per cent), cables (15 per cent) and transmission lines and conductors (12 per cent) account for a large chunk of the revenue. The generation equipment market is expected to expand at a CAGR of 12.7 per cent over FY12–22. The exports of electrical machinery rose to US$ 3.9 billion in FY14 from US$ 3.4 billion in FY12. Boilers & parts and electrical wires and cables were the primary drivers of the increase in exports.
Amid all these growth prospects, CWF17 is committed to provide the most apt platform for business networking and information sharing among various participants in the growth of the wire and cable industry. CWF15, the first edition, through its exhibition and conference stages, has already created a positive and forward looking mood in the industry and CWF17 will go many steps further to ensure a gratifying outcome for all who participate.
For more information visit www.cablewirefair.com