The wire and cable industry comprises 40% of the entire electrical industry, which is expected to double in size over the next five years. The industry is growing at a CAGR of 15% as a result of growth in the power and infrastructure segments. It is expected to grow at similar rate for the next five years. The government's emphasis on the power sector reforms and infrastructure will further drive growth.
The wire and cable industry will eventually focus on supplying cables for specific applications pertaining to the industry needs. India has a lot of potential in the mining, power, oil and gas, metro railways, cement industry , steel industry and other sectors. Different kinds of cables like extra high voltage cables, elastomeric cables, etc, |
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are now being used for special applications such as mining/oil sector, shipbuilding /crane cables/ elevator cables, cables for solar power plants, to harness power for new generation motor vehicles, windmill solutions, security systems and other types of data cables.
This field requires and teaches fresher and professionals to be techno-commercially inclined. Ideally, electrical/mechanical engineers for manufacturing, electrical engineers for EPC related sales for special applications, managers with operations knowledge for implementation of world class manufacturing techniques, managers with knowledge of creative/application based marketing, MBAs who can use various strengths of companies and make use of adjacent opportunities, as well as fresh graduates who have the zeal to outperform and change customer outlook. The sector also provides tremendous
entrepreneurial opportunities in trading, contracting and manufacturing.
We take this opportunity to thank you and convey our gratitude for the unabated support and trust you have always reposed in BIOCAB and encouraged it to move ahead confidently. I am confident that this will keep us ahead and winning in our constant endeavor to continue to be the preferred brand in this competitive market.
We hope to improve each day to serve you better.
Thanks & Regards | 
