Growth in Indian Wire and Cable Industry- The Way Forward
The Indian wire and cable industry is growing steadily, supported by infrastructure expansion, renewable energy projects, telecom fiberization, and EV adoption. With the government’s INR 11 lakh crore expenditure push and the vision of ‘Viksit Bharat 2047’, this demand is structural and long-term, ensuring the sector continues contributing to India’s industrial and economic growth journey.
Primary Drivers of Wire and Cable Industry Expansion
Power and infrastructure remain the strongest drivers. In power, the demand for galvanized wires and stay wires is growing at 8–10% CAGR, fuelled by grid modernization and the 500 GW renewable energy target. In infrastructure, PC strands, indented wires, and spring wires are rising at 9–11% CAGR, supported by railways, metros, and large projects. Alongside, fiber optic cables are witnessing double-digit growth, driven by 5G rollout, fiberization of towers, and data center expansion, making telecom a critical growth engine.
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Major Trends in Terms of Technology, Product Mix, and Supply Chain
There’s a growing focus on specialty coated wires, corrosion-resistant solutions. Supply chains are moving toward localization under ‘Atmanirbhar Bharat,’ with stricter compliance to BIS standards. Sustainability—through recycling and green steel—is also becoming a key trend shaping the industry’s future. Customers expect suppliers to maintain large inventories to meet their needs on time. However, no one wants to hold excess stock anymore—it has become a deep-pocket, high-investment game.
Impact of New Entrants in the Industry
The entry of new players not only increases competition, but it also drives innovation across the sector. For us, it means investing more in R&D, advanced coating technologies, and customer-focused solutions. This competitive push is healthy and ensures that quality, reliability, and compliance remain at the core of industry growth. The investment cost to set up a plant and maintain inventory has risen sharply. At current margin levels in the steel wire business, it is difficult for fresh greenfield projects to justify such returns on investment.
Crucial Financial Information, Important Events, and Advancements
In the past year, Systematic Group has focused on expansion and technology upgrades. We added a new unit for optical fiber cables and OPGW, and also received Research Designs and Standards Organisation (RDSO) approval for our fiber optic cables under the brand ‘Durafiber.’ These milestones strengthen our contribution to India’s power and telecom growth, aligning with the aspirations of a ‘Viksit Bharat’.
Yes, we do have expansion plans in the pipeline, which we’ll be sharing publicly very soon.
Future Readiness to Compete in the Evolving Market
We are focusing on advanced technology, sustainability, and future-ready solutions. By strengthening fiber optic range, investing in premium coated wires, and enhancing automation, we are preparing for tomorrow’s needs. Our goal is to stay resilient and deliver trusted products for power, telecom, and infrastructure sectors.
B2B Exhibitions Fueling Industry Growth
B2B exhibitions like Cable & Wire Fair are a great platform for networking, peer learning, and business opportunities. They bring together industry leaders, customers, and policymakers, sparking collaborations that strengthen the sector. For companies like ours, such events are vital in creating visibility, building partnerships, and shaping future growth.
Past Participation Experience in Cable & Wire Fair
Cable & Wire Fair has been very valuable for us, helping showcase our products, build stronger relationships, and explore new partnerships. It also offered direct feedback from customers and peers. These interactions have been instrumental in shaping our strategy and developing solutions tailored to industry requirements. It has the spirit of a festival for the wire industry, where ideas, opportunities, and stakeholders come together under one vibrant platform.
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Expectations from Cable & Wire Fair 2025
We expect Cable & Wire Fair 2025 to bring together a larger international audience and highlight India’s growing role in global supply chains. We are especially proud to announce the launch of our RDSO-approved fiber optic cable brand ‘Durafiber’ at Cable & Wire Fair 2025. At our booth, visitors can also explore our steel wires for the cable and power industry, along with premium coated solutions designed for durability and sustainability.
Visit Stand: Hall 4/ K4-4 at Cable & Wire Fair 2025, New Delhi
