Speaking about the impact of the Union Budget 2022-23 on the demand in the wire and cable industry, Mr. Vijay Kumar Bajaj, Chief Operating Officer, Apar Industries Ltd., says, “Investments in key sectors like defence production, railways, renewable energy, and electricity distribution are likely to improve the demand for cables.”
The Budget is quite progressive and lays down the direction for the future.
Watch: Wire & Cable Industry Year Review of 2021
It is expected to boost exports and reduce imports by strengthening the ‘Make in India’ policy.
Also Read: Apar Industries: Hoping to Increase Export Sales from 15 Percent to 30 Percent
Investments in key sectors like defence production, railways, renewable energy, and electricity distribution are likely to improve the demand for cables.
