WIRE NEWS 2017 WN SEPTEMBER 2017 - Page 27

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. 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. Automotive and Other Growing Segments growth expectations for the near future. In April- March 2016, overall automobile exports grew by 1.91 per cent. 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. 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. 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 www.cablewirefair.com . WIRE NEWS EVENTS September 2017 27