WIRE NEWS 2017 WN SEPTEMBER 2017 - Page 26

Cable & Wire Fair 2017: An event in sync with India’s growth Cable & Wire Fair 2017 (CWF17) is back after garnering recognition from the industry stakeholders from around the world in its very first edition, held in 2015. Cable & Wire Fair 2017 (CWF17) is back after garnering unprecedented recognition from the industry stakeholders from around the world in its very first edition, held in 2015. The show this time will be held from October 5-7, 2017 at the same popular venue, i.e. Pragati Maidan, New Delhi, India. Held biennially, CWF is fast becoming an integrating stage to showcase the humungous 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. And, from that respect, the show has hit the bull’s eye with testimonials abound from who participated. Besides, on power transmission front, as on March 31, 2016, PGCIL owns & operates a transmission network of about 1,29,354 ckm of Inter-state transmission lines, 207 nos. of EHVAC & HVDC sub-stations with transmission capacity of about 2,54,848 MVA. Under the Twelfth Five Year Plan (FY 12-17) which has laid special emphasis on development of the infrastructure sector including energy, PGCIL has already made a Capital Expenditure of Rs 88,235 crore ( US$ 13.38 billion) against the Capital Expenditure plan of Rs 1,10,000 crore (US$ 16.68 billion). The thriving Indian wire and cable industry is driven by tremendously growing sectors such as power, telecommunication, infrastructure, automotive, aviation, etc. which individually are multi-trillion investment opportunities and have been doing extremely well in the recent past. The industry, which has been growing at the rate of around 15% currently, will start growing at the CAGR of over 20% over the next 5 years, as per various estimates. 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). Strong Growth Currents in Power Generation, Transmission & Distribution The Indian power sector has an investment potential of Rs 15 trillion (US$ 223.67 billion) in the next 4–5 years, thereby providing immense opportunities in power generation, distribution, transmission, and equipment. Between April 2000 and March 2016, the industry attracted US$ 10.48 billion in Foreign Direct Investment (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 5–10 years. The initiative would entail an investment of about US$ 310–350 billion. 26 WIRE NEWS EVENTS September 2017 Booming Infrastructure 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 Government for initiating policies that would ensure time-bound creation of world class infrastructure in the country. To be H\\[X[][X][ۈX\]Xܙ[H\ܝHXY[\X\\HX\]\X\ܙKH[X[[X[][X][ۂ\X\X\][Z[HܛH L \[YX\[ۋ^YX\XXT L ˎH[[ۈH ]Z[H[ܙX\[XܚX\\K\H]