it has become well-known manufacturer in fiber optic
cable and power cable business.
In the coming years, India will continue to be the most important market for China's wire and cable in South Asia. This is because the Indian economy maintained a good momentum of development. Expects India's economic growth could catch up with China around 2012. In addition, downstream of the wire and cable industry in India is accelerating.
India's current power generation capacity of 130,000 MW, lags behind the development of the power industry. May 2008, the Indian Prime Minister said that India will be built in the next five years, hundreds of power plants by 2012, the need to reach at least 200,000 megawatts of generating capacity in India in order to solve the power shortage problem. New power stations and other facilities will be directly contributing to the growth in demand for wire and cable.
Pakistan's energy sector restructuring plan report released by the Asian Development Bank pointed out that Pakistan next 10 years, the annual demand for electricity will grow by about 2 million kilowatts, the annual electricity investment need to be more than 2 billion U.S. dollars to meet the needs. In the next few years, Pakistan wire and cable market demand will be increased.
Wire and cable demand is also increasing in other South Asian countries, there are also trade opportunities, but due to the small capacity of the overall market in these countries, export growth is limited.