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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 USD 103.9 billion by 2020 . With a daily increase in subscriber base , there have been a lot of investments and developments in the sector . The industry has attracted FDI worth USD 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 .
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 USD 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 an 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 .
( The data has been sourced from various credible agencies like IBEF , Ministry of Power , MOTE et al ).
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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 .
16 WIRE NEWS EVENTS October 2017