In the coming years, India will still be the most important market for wire and cable in South Asia. This is because the Indian economy still maintains a good momentum of development. It is expected that India’s economic growth rate may catch up with China around 2010. In addition, the development of India's wire and cable downstream industries is also accelerating.
India’s current power generation capacity is 130,000 megawatts, and the power industry is lagging behind. In May 2007, the Indian Prime Minister stated that India will build hundreds of power stations in the next five years. By 2012, India’s power generation capacity needs to reach at least 200,000 megawatts to solve the power shortage problem. Newly built power stations and other facilities will directly drive the growth of wire and cable demand.
According to the report of Pakistan's Energy Sector Restructuring Plan issued by the Asian Development Bank, Pakistan’s electricity demand will increase by about 2 million kilowatts per year over the next 10 years, and annual investment in electricity will need to exceed 2 billion U.S. dollars to meet demand. In the coming years, the demand for wire and cable in Pakistan will also increase.
In other South Asian countries, although the demand for wires and cables is also increasing, there are trade opportunities, but due to the small overall market capacity of these countries, there is limited room for export growth.
India, Pakistan, and Bangladesh occupy the top three places in China's wire and cable market in South Asia, with a share of 73%, 14%, and 9%, respectively, which totals 96%.
India’s current power generation capacity is 130,000 megawatts, and the power industry is lagging behind. In May 2007, the Indian Prime Minister stated that India will build hundreds of power stations in the next five years. By 2012, India’s power generation capacity needs to reach at least 200,000 megawatts to solve the power shortage problem. Newly built power stations and other facilities will directly drive the growth of wire and cable demand.
According to the report of Pakistan's Energy Sector Restructuring Plan issued by the Asian Development Bank, Pakistan’s electricity demand will increase by about 2 million kilowatts per year over the next 10 years, and annual investment in electricity will need to exceed 2 billion U.S. dollars to meet demand. In the coming years, the demand for wire and cable in Pakistan will also increase.
In other South Asian countries, although the demand for wires and cables is also increasing, there are trade opportunities, but due to the small overall market capacity of these countries, there is limited room for export growth.
India, Pakistan, and Bangladesh occupy the top three places in China's wire and cable market in South Asia, with a share of 73%, 14%, and 9%, respectively, which totals 96%.
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