Our manufacturing facility is our greatest strength

Deepak Chhabria Executive Chairman, Finolex Cables

What is the growth outlook for your company in the coming 3-6 quarters?

We, like most entities, have faced a temporary blip in our overall numbers on account of the pandemic. However, we see it as a transient phenomenon that we will be able to overcome as a result of progressive policies, initiatives, and projects like Bharat Net, Digital India, and Smart Cities, all aimed towards creating a self-reliant India. All this will provide a thrust to digitization and offers attractive medium and long-term prospects for the demand for our products. The government’s ‘Power for All’ mission, higher infrastructure investment, and growth in affordable housing projects are also likely to drive growth. Infrastructure spending is estimated to increase to about ₹25 trillion over the coming years.

Projects such as Saubhagya Scheme, the Power for All, and Integrated Power Development Scheme will spur investments. Deendayal Upadhyaya Gram Jyoti Yojana and Housing for All also augur well for the sustained demand for our electrical wires and cables. Thanks to all the above investments, many experts project India to again start growing in the 6-7 per cent CAGR range over the period of 20212023. We are predominantly operating in business segments that are core to the government’s key focus areas, which include infrastructure development initiatives, thrust on digitalization, electrification of rural villages and households, and improved consumer spending.