As we approach the Union Budget 2025, we at Finolex Cables look forward to policies that bolster India`s infrastructure and manufacturing sectors, which are key growth drivers for our industry. With the construction sector contributing significantly to the demand for electrical wires and cables, targeted investments in affordable housing and urban development will have a cascading impact on the industry`s growth. Mr. Mahesh Viswanathan, Deputy CEO and CFO, Finolex Cables Ltd.
We also anticipate incentives for emerging technologies such as renewable energy, electric vehicles, and 5G rollout. These segments will not only boost demand for specialized products like solar and automotive cables but also accelerate the deployment of optic fiber networks, addressing India’s underpenetration in digital infrastructure.
Given rising raw material costs, we hope for measures to ease import duties and stabilize input pricing, ensuring the competitiveness of domestic manufacturers. Furthermore, a supportive capex framework will enable companies to enhance production capabilities, especially in high-growth areas like solar energy and automotive sectors.
With a debt-free balance sheet and strong cash position, Finolex Cables is well-prepared to leverage opportunities arising from progressive budgetary measures and contribute to India`s economic and technological advancements.
Mahesh Viswanathan, Deputy CEO and CFO, Finolex Cables Ltd.