Growth in Indian Wire and Cable Industry – The Way Forward
The Indian steel wire industry is undergoing a dynamic shift, driven by robust economic growth, evolving market needs, and proactive government initiatives. The industry’s growth is supported with the ‘Make-in-India’ campaign, restrictions on imported goods and high tariffs, leading to domestic growth of the Indian steel wire manufacturers, promoting ‘Amanirbhar Bharat.’ India’s focus on large-scale infrastructure projects is serving as a major catalyst for the steel wire demand. The construction of highways, metro, and rail projects, along with development of industrial corridors, and smart cities are booming the demands of this segment. The growth of the electric vehicle (EV) and renewable energy sectors are further driving the demand for high-quality wires. There is a clear shift toward high-strength, and corrosion resistant steel wires, suitable for marine, infrastructure, real estate, and other sectors.
Major Trends in Terms of Technology, Product Mix, and Supply Chain
Indian steel wire manufacturers are rapidly enhancing their scale, competitiveness and standards in the domestic and international markets by integrating advanced technologies, improving product quality, and building robust distribution networks. Smart technologies such as Artificial Intelligence (AI), robotics, and the Internet of Things (IoT) are reducing human errors in manufacturing and enabling faster and more precise production.
Industry 4.0 adoption is further creating highly-efficient and customized outputs, paving the way for manufacturers to innovate new wires, surface treatments, and performance-specific products. With a strong focus on quality-centric production, manufacturers are investing in world-class testing facilities, and robust quality control systems, delivering high quality products at competitive prices. The manufacturers are also adhering to global standards such as ISO, ASTM, and EN, catering to international demands.
By actively monitoring commodity trends and geopolitical developments, companies are anticipating supply chain shifts and making informed, and proactive purchase decisions. The steel wire manufacturers are evolving from ‘transactional to strategic sourcing’, based on data-driven decision making, market intelligence and risk assessment. The companies are also building sustainable partnerships with suppliers based on transparency, mutual growth, and a shared commitment. We are at the forefront of these evolving trends, adopting advanced technologies and strong business strategies to meet the demands of the steel wire sector.
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Impact of New Entrants in the Industry
The entry of new players in the industry is not just bringing new ideas, technologies, and competitive strategies but also challenging the established norms. Their presence drives incumbents to innovate faster, improve efficiencies, and enhance customer value propositions. New entrants are disrupting the market with their agility, digital adoption, and customer-centric approaches, compelling the entire ecosystem to evolve. In the long run, their presence will strengthen the industry as a whole, fueling innovation, improving supply chain practices, and ensuring better solutions to the customers. The established companies will have to embrace collaboration and adaptability to meet the evolving competitive landscape.
Future Readiness to Compete in the Evolving Market
To support future innovation, Bansal Wire Industries is launching its in-house indigenous R&D center in Dadri, UP, equipped with precision instruments and high-speed testing and development equipment to boost advanced product development and process optimization. We have planned a significant investment in the next 5 years across India. We are setting up a fully integrated manufacturing facility in western India to serve the region’s rapidly growing markets. The new facility will enable faster deliveries, streamline logistics, and reduce transportation costs, strengthening the company’s ability to cater its customers efficiently.
B2B Exhibitions Fueling Industry Growth
Business-to-Business (B2B) exhibitions have emerged as powerful catalysts for industry growth. These platforms bring together manufacturers, suppliers, distributors, and decision-makers under one roof, creating unmatched opportunities for networking, collaboration, and knowledge sharing. Beyond being a showcase of products and technologies, exhibitions act as growth accelerators.
Past Participation Experience in Cable & Wire Fair
Our participation in the Cable & Wire Fair has consistently been an enriching and rewarding experience. The event has given us a vibrant platform to showcase our comprehensive range of steel wire solutions, while engaging directly with industry peers, customers, and thought leaders.
What makes the fair special is its ability to combine market visibility with meaningful interactions. Each edition has provided us with the opportunity to highlight our product innovations and technological advancements, strengthen our relationships with existing customers while forging new connections, gain valuable insights into evolving industry trends, challenges, and opportunities, and explore collaborations and partnerships that drive long-term growth. The professional organization of the fair, combined with the quality of attendees, ensures that every participation delivers both business outcomes and brand impact. It has not only enhanced our presence in the wire & cable ecosystem but also reaffirmed our commitment to continuous innovation and customer-centric growth.
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Expectations from Cable & Wire Fair 2025
As we look ahead to Cable & Wire Fair 2025, our expectations are anchored in both industry collaboration and business growth opportunities. The fair has established itself as a premier platform for the wire and cable sector, and this year we anticipate an even more impactful experience.
We look forward to showcasing our latest range of high performance products that address the evolving needs of customers and markets. We will also engage with stakeholders, strengthening ties with existing partners while building new relationships across domestic and global markets. We will explore emerging trends, gain insights into technological advancements, sustainability practices, and future industry roadmaps.
The fair will provide business growth opportunities. It will help us identify potential collaborations, tap into fresh demand pockets, and create long-term value. It will be a platform for knowledge sharing, where we will participate in discussions and exchanges that contribute to shaping the future of the wire and cable ecosystem.
We believe Cable & Wire Fair 2025 will continue to be a catalyst for growth, innovation, and collaboration—not just for us, but for the entire industry value chain.
Visit Stand: Hall 5/ B1-1 at Cable & Wire Fair 2025, New Delhi
