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
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WIRE NEWS EVENTS September 2017 27