How Cable & Wire Fair will contribute towards the growth of the industry

"Over the years, we have broadened our understanding of the needs of industries such as wire and cable, pulp and paper, and maternity, baby and hygiene products, which enables us to further the interests of these industries," says Priyank Jain, CEO, Tulip 3P Media Pvt. Ltd. Here we present the excerpts of the interview sharing his views on the forthcoming Cable & Wire Fair to be held in New Delhi.

1. Can you tell us a little bit about your organization and its activities?
Established in 2006, Tulip 3P Media Pvt. Ltd. is a leading media group based in Delhi. We publish industry-oriented periodicals for different B2B verticals aimed at providing the reader with latest news, analysis, opinions, market outlooks and trends. We conduct market research studies and organize industrial events, such as exhibitions, conferences and seminars, to promote business networking among the companies. Our key strength lies in providing our readers with correct, accurate and relevant industry-related information and knowledge. In order to maintain our strength, we keep bolstering up our database by interacting with industry stakeholders on a regular basis. Over the years, we have broadened our understanding of the needs of industries such as wire and cable, pulp and paper, and maternity, baby and hygiene products, which enables us to further the interests of these industries.

2. How will the upcoming Cable & Wire Fair contribute towards the growth of the industry?
India is a fast-growing economy, and the total market demand for goods and services is rising by leaps and bounds. To meet the growing demand, investments have to be made in technology acquisition and capacity expansion. In the prevailing economic scenario, events such as exhibitions, conferences and seminars can provide the industry with business networking platforms. Cable & Wire Fair aims to gives exhibitors an excellent opportunity to showcase their offerings and a platform for establishing a mutually beneficial relationship with other business people and potential clients. This event has emerged as a wonderful networking platform for the wire and cable industry. It gives the exhibitors an excellent opportunity to gain knowledge about latest technologies, materials and products in a high-profile environment. It should be noted that the most illustrious wire and cable machinery manufacturers, suppliers of materials for the wire and cable industry and even wire and cable manufacturers take pride in exhibiting their products and services at Cable & Wire Fair, which has undisputedly become India’s leading trade fair for the wire and cable industry.

3. Can you tell us a little bit about Cable & Wire Fair 2017?
Cable & Wire Fair 2017, which saw 10,800 visitors from 24 countries, 164 exhibitors from 19 countries and over 300 conference delegates, had spectacular success in providing the industry with a platform for exchange of knowledge and networking.

4. What are the special features of Cable & Wire Fair 2019?
Like the Cable & Wire Fair held in 2017, this year’s fair aims to give players from various segments of the wire and cable industry a good opportunity to network and to exhibit their products. It will make real business happen – something that will eventually stimulate economic growth. Approximately 200 exhibitors from around 25 countries will showcase their machines, products and services at this important event. Valuable knowledge and information will be shared at the event’s co-located two-day conference and CEO conclave.

5. What trends have you noticed in the wire and cable industry in India?
Demand for wire and cable is directly related to the growth of the economy and infrastructure sectors. The government has taken major initiatives to boost infrastructure sectors like power, railways, roads and petrochemicals etc. India is expected to become the third largest construction market globally by 2022. The government has approved the plan of 100% electrification of railways by 2022. The wire and cable market in India, which comprises nearly 40 per cent of the electrical industry, is growing at a CAGR of 15 per cent – thanks to the growth of the power and infrastructure sectors. The recent policy and regulatory initiatives and government schemes like Ujwal Discom Assurance Yojana (UDAY), Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY), Integrated Power Development Scheme (IPDS) and Pradhan Mantri Sahaj Bijli Har Ghar Yojana have given the market a major boost. In addition, the government’s ‘Smart City’ project is expected to promote large-scale growth in infrastructure, telecom, power generation, T&D, engineering and automotive sectors. Global investors now consider India as a potential market for high voltage (HV) and extra high voltage (EHV) cables. These investors increase their investments in the Indian cable market through technical collaboration with Indian cable manufacturers for production of EHV cables up to 400 kV. With increasing focus on renewables, the industry is now looking forward to supplying cables for solar and wind power applications in addition to oil and gas, railways and other specialized segments. In addition, electric vehicles (EV) are expected to drive growth for cables and wires firms in a big way, and hence more power cables. Also, growing market potential, increased adaptation of new technologies by the utilities, growing importance of services that may be linked to digital technologies have widened the scope for the growth of the wire and cable industry in India.