Which is a better wire stock: Rajratan Global or Bansal Wire Industries?
optimistic growth projections for India's GDP. The expectation is that it may surpass many developed countries such as Germany and Japan. Which sector could benefit the most from this anticipated growth in GDP? The wire industry is poised to be a frontrunner.
The Indian electric wire and cables market is projected to reach $2.2 billion (bn) by 2027, growing at a 4.6% CAGR. Here's why this is exciting… 1. India’s massive railway network, the third largest globally, is expanding.
2. The renewable energy trend is gaining momentum. The increasing focus on clean energy sources will boost demand for efficient transmission and distribution.
3. Smart cities, incorporating 5G, cloud computing, and the Internet of Things (IoT), will rely heavily on robust cable infrastructure. High-speed data will travel through advanced optical fiber cables (OFC) and will be the backbone of smart cities.
This sector's growth is expected to outpace India's overall GDP growth. The future seems promising for India's electric wire and cable market. Are you ready to participate in this growth? Here's a brief comparison of two major Indian players in the wires and cable market.
Both are flourishing due to the government's emphasis on infrastructure development. Rajratan Global Wire: The company manufactures high-carbon steel wire used in tyre production, known as bead wire. It also produces drawn steel wire, used in various industries like automobile, construction, and engineering.
Read more on livemint.com
