5 Sectors to Give Unprecedented Boost
to Wire and Cable Consumption in India:
Cable & Wire Fair 2017
Cable & Wire Fair 2017 (CWF17), a show by the publisher of Wire
& Cable India magazine, forecasts a period of massive growth for
the Indian wire and cable industry in the period 2017-2022 driven
largely by five mega segments, viz. Power, Telecommunication,
Infrastructure, automotive, and railways.
2017-18. So far, 155,000 km of OFC has been laid
CWF which is now has participants from over 18
under BharatNet Project.
countries has been able to see a growth in both
exhibit area (almost thrice) and participants
• Infrastructure: Allocation of Rs. 3.96 Lakh
(more than double) also because the wire and
Crores in the Union Budget 2017-18 towards
cable industry is to register boosting growth
infrastructure development as against Rs. 3.48
figures in the next five years. Taking cue from
Lakh Crores in 2016-17
predictions and studies of Wire & Cable India
magazine, CWF foresees the Indian wire and
• Automotive Industry: The Indian auto industry
cable industry tapping sterling growth figures
is one of the largest in the world. The industry
in 2017-22 because of very encouraging data in
accounts for 7.1 per cent of the country’s Gross
major sectors like Power, Telecommunication,
Domestic Product (GDP)
Infrastructure, automotive, and railways. These
sectors have always shaped the fortunes of
• Railways: 8 percent increase in the railways
the wire and cable industry, and will definitely
expenditure to Rs. 1,31,000 Crore for laying down
continue doing so. The following major figures
3,500 km of railway lines in FY 2017-18. The
highlight the growth of these segments:
Govt. to spend Rs. 850,000 crore in the next five
years to modernize Indian Railways. The Cabinet
• Wire and cable industry growth: The wire and
cleared the Rs. 82,000 crore (USD 12.3 billion)
cable industry, which has been growing at the rate
dedicated freight corridor for decongesting
of around 15% currently, will start growing at the
existing network.
CAGR of over 20% over the next 5 years, as per
various estimates
• Energy: The Planning Commission’s 12th
Five-Year Plan estimates total domestic energy
• Power: The Indian power sector has an
production to reach 669.6 Million Tonnes of Oil
investment potential of Rs 15 trillion (US$ 223.67
Equivalent (MTOE) by 2016–17 and 844 MTOE
billion) in the next 4–5 years. A target of 1,229.4
by 2021–22
billion units (BU) of electricity to be generated in
2017-18, which is 70 BUs higher than 2016-17
• Renewable Energy: Around 293 global and
domestic companies have committed to generate
• Telecommunication: India is expected to
266 GW of solar, wind, mini-hydel and biomass-
have over 180 million smartphones by 2019,
based power in India over the next 5–10 years.
contributing around 13.5 per cent to the global
smartphone market. The allocation for BharatNet
Project has been increased to Rs.10,000 crore for
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WIRE NEWS EVENTS October 2017