Growth in Indian Wire and Cable Industry- The Way Forward
The industry is currently growing at a rate of 12–14% and is expected to sustain this pace for at least the next decade. From 2025 to 2035, the market including exports is projected to expand from approx. USD 14 billion to USD 45-50 billion, reflecting a CAGR of 13%. Within this, the low-voltage distribution cables (LDC) segment is expected to grow from USD 8 billion in 2025 to USD 26 billion in 2035, at a CAGR of 13%. The power cables segment will increase from USD 4 billion to USD 15 billion, recording a CAGR of 14%. The renewables segment is set to grow rapidly, rising from USD 0.8 billion to USD 4.5 billion at a CAGR of 20%. Meanwhile, the telecom segment will expand from USD 1.5 billion to USD 3.5 billion, at a comparatively modest CAGR of 8%.
The demand is fueled by a combination of factors, including innovations, rising consumption, lifestyle changes, infrastructure development, enhanced connectivity, smart cities, mobility and transportation needs, globalization, cross-border energy transfer, the growth of renewables, and the shift towards electric vehicles (EVs). While the growth momentum is expected to continue, the product segment will evolve, aligning to the change in technology, the innovation landscape, and the emergence of new market segments.
Primary Drivers Industry Expansion
Power & Distribution (P&D), telecom, and automotive & transportation have been the key drivers of the industry, with P&D accounting for around 40% of the demand, while telecom and automotive & transportation contribute about 20% each. The remaining share comes from other industries.Automotive & transportation, including railways, is seeing a shift to EVs or electrification and this brings an entirely new market. Renewable segment, with the target of 500GW, is the fastest growing segment surging at 20%,however, the current base is smaller than the other sector as mentioned above.
Watch: Top Cable Companies in India
Major Trends in Terms of Technology, Product Mix, and Supply Chain
In terms of technology and product mix, the industry is undergoing rapid transformation. Key areas of innovation include smart grids and renewable integration, EV charging and mobility solutions, hybrid and low-loss conductors and cables, DC and subsea power cables, digital manufacturing, and the use of nanotechnology materials for lightweight, high-efficiency conductors.
There is also a growing focus on high-current applications with improved thermal stability and vibration resistance for high-speed rail and metro projects, alongside sustainability initiatives such as circular economy practices and green certifications. Specific advancements driving this change include e-beam curing, which is replacing traditional chemical curing to achieve better insulation and dimensional stability; DC cables designed for low-loss transmission and higher ampacity; subsea cables enabling cross-border data and power transfer; offshore marine cables for the oil and gas sector; low-loss conductors for greater efficiency; and solar cables supporting renewable energy.
In addition, specialty solutions such as uninyvin cables for aerospace, data centers, UPS, HVAC systems, and high-end servo motors are gaining traction. Other notable innovations include trapezoidal geometry conductor cables for enhanced performance and integrated power and optical cables for real-time health monitoring of power systems. Overall, the industry is witnessing a major shift toward EVs, renewables, high-speed rail, metro networks, subsea cable infrastructure, and new age industries like data centers.
On the supply chain front, technology transfer and its effective adoption are playing a critical role. Subsea cable manufacturing requires proximity to shore facilities, while packaging and transportation processes are steadily improving. However, the availability of critical raw materials and equipment for new technologies remains a potential challenge. Going forward, technology transfer from global leaders in specialized segments are expected to play a pivotal role in shaping competitiveness.
Impact of New Entrants in the Industry
New players are entering the market with new manufacturing technologies and adoption of new raw materials, bringing fresh momentum to the industry. Manufacturing processes and technologies are increasingly aligned with innovation, making the marketplace more competitive. At the same time, ESG and sustainability requirements—particularly for exports—are driving faster adoption of responsible practices, which is often adopted by these new entrants. In this evolving landscape, R&D has become essential, as the pace of innovation and technology adoption introduced by new players is creating new dynamics of competitiveness.
Crucial Financial Information, Important Events, and Advancements
At Fort Gloster Industries Ltd.,we have maintained our legacy since 1958 as India’s foremost and oldest cable company for technology absorption, innovation & product quality. We were the first to have technical collaboration with British Insulated Callenders Company Ltd. (BCCI) in 1958 and with the invention of XLPE cable technology and CCV manufacturing technology, we were first to have technical collaboration with Sumitomo Electric, Japan in 1979 and were the first to manufacture India’ first 132kV in 1989. The company has taken up modernization to further absorb best technologies in cable design and manufacturing and is in the last phase of its modernization that had commenced a year and half back, along with necessary certifications. The company has engaged with the customers and has undertaken several technical seminars. The company has also added several new products to its portfolio, and done several customer visits to win customers’ trust both in the private & public sector, along with state utilities etc.
We proudly say that we make the best power cables in the country. We also participated in various trade fairs and exhibitions to showcase our capability and got a very good response from its valued customers.
Investments and Capacity Enhancements
Our modernization has been in place, with an investment of over INR 600 crore, thus building formidable capacity in control cables, LV cables, MV cables, AB cables, and covered conductors with further opportunities for e-beam and flexible cables.
Future Readiness to Compete in the Evolving Market
We, at Fort Gloster Industries Limited (FGIL), have the best talent pool which is at the forefront of technology and innovations. We have developed capability and capacity to develop best-in-class power cables, aligning with technological changes happening in the industry. We embarked on new technology manufacturing, absorbing technical development, and adopting Lean Manufacturing and Six Sigma, to offer the best-in-class power cables. This, together with our best of technology in testing, emphasis of NABL-certification and R&D for absorbing advanced raw material, process innovations, and new product development with least of iterations, have been our hallmark to offer the best cables at a very competitive price.
We continuously innovate every element of cable, switchgear and cable monitor (SCM) and have been the pioneer in its designing and development of better raw material usage, innovative machine manufacturing, and process technology, innovation in packing and transportation, process orientation, and building agility, for improved response and engagement with customer, thus quickly adopting to the changing business environment for competitiveness.
B2B Exhibitions Fueling Industry Growth
We showcase our capability and capacity in B2B exhibitions, including our product development and technology prowess. These exhibitions provide us a platform to interact with technology developers and presenters for prospective partnerships. The customer-supplier meets, with both existing and new players, aids in business growth and also helps in attaining capex/new raw material for building competitive edge. The interaction with global participants help us explore the export market as well to meet various certifying agencies or testing and inspection bodies, both domestic and global, to understand changes happening in technology and standards.
Past Participation Experience in Cable & Wire Fair
Our past participation in the Cable & Wire Fair has enabled us to showcase and re-establish our legacy as the best cable producer of the country. We established and enhanced our connection with technology developers, equipment and raw material suppliers, both domestic and international, to fulfil our requirement. We have also identified new suppliers which came to showcase their capabilities. The interaction with existing and new key customers resulted in beneficial business outcomes.
Also Read: Supermac Industries: Setting Global Benchmark in Manufacturing Through Tech Collaborations
Expectations from Cable & Wire Fair 2025
We will showcase our capability, be it capacity, product innovations, technology development and differentiating how we are best in the industry in what we will do-manufacturing best quality power cables with the best technology and innovations and offer solutions which creates value for the customers. We are the most trusted partners to our customers for their power cable requirement with our best-in-class products. We are also the most reliable partners to our suppliers of raw material and equipment, both domestic and global technology providers, and other partners in progress.
With the upcoming fair, we will establish connections with all partners and stakeholders, both domestic and global (customer, suppliers, technology provider, equipment suppliers, raw material suppliers, certifying agencies etc.),and work for the business opportunities and possible tie ups.
Visit Stand: Hall 2/ AA1 at Cable & Wire Fair 2025, New Delhi
