The Cable & Wire Fair 2017 (CWF17) is back after garnering recognition from industry stakeholdersand will be held from October 5-7, 2017 at Pragati Maidan, New Delhi.
Held biennially, CWF is fast becoming an integrating stage to showcase the humongous 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, which has been growing at the rate of around 15 per cent, and is expected to growing at 20 per cent CAGR over the next 5 years.
Strong growth currents The Indian power sector has an investment potential of Rs 15 trillion ($223.67 billion) in the next 4û5 years, thereby providing immense opportunities in power generation, distribution, transmission, and equipment. Between April 2000 and March 2016, the industry attracted $10.48 billion in 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 5û10 years. The initiative would entail an investment of about $310û350 billion.
India needs Rs 31 trillion ($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. FDI received in construction development sector from April 2000 to March 2016 stood at $24.19 billion, according to the Department of Industrial Policy and Promotion (DIPP).
Expanding 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 $103.9 billion by 2020. All these developments seek tremendous growth in optical fibre cable (OFC) network, an appealing prospect for the Indian wire and cable market.
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.
In the electrical machinery sector, T&D expanded at CAGR of 6.7 per cent over FY07-13; while cables (15 per cent) and, transmission lines and conductors (12 per cent) accounted for a large chunk of the revenue. The generation equipment market is expected to expand at a CAGR of 12.7 per cent over FY12û22. The exports of electrical machinery rose to $3.9 billion in FY14 from $3.4 billion in FY12. Boilers and 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
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