Booming Infrastructure
•
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 the Government for initiating
policies that would ensure time-bound creation of
world class infrastructure in the country.
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
have 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
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.
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.
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.
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.
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
19
WN JULY 2017