With about 200 exhibitors from around 25 countries, Cable & Wire Fair 2019 (to be held in New Delhi from November 6-8) promises to give players a good opportunity to network and to exhibit their products.

 

India is a fast-growing economy, and the total market demand for goods and services is rising by leaps and bounds. To the meet the growing demand, investments have to be made in technology acquisition and capacity expansion. In the prevailing economic scenario, Cable & Wire Fair can provide the industry with business networking platforms. The event aims to give 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,” claims Priyank Jain, CEO, Tulip 3P Media Pvt Ltd.

 

Cable & Wire Fair 2017 saw 10,800 visitors from 24 countries, 164 exhibitors from 19 countries and over 300 conference delegates. Like 2017, this year’s fair promises to give players from various segments of the wire and cable industry a good opportunity to network and to exhibit their products. Priyank Jain said, “It will make real business happen – something that will eventually push up 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 collocated two-day conference and CEO conclave.”

 

Industry dynamics

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 per cent 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. 

Priyank Jain opined, “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.”