Kangleimaichou

The company that Sind Electric Stores blossomed into under Mr. Inder Jaisinghani’s leadership today has over 3,800-plus dealers and distributors; 205,000-plus retailers and 30 warehouses in India. Polycab is a stalwart in cable and wire manufacturing and one of the fastest growing Fast-Moving Electrical Goods (FMEG) brands. In 1968, at the age of 15, Mr. Inder Jaisinghani had to drop out of school to join his elder brother Mr. Girdhari to run the family business after the death of their father Mr. Thakurdas Jaisinghani. Their late father, born in undivided India and moved to Mumbai from Pakistan, had founded Sind Electric Stores. At first, the brothers decided to sell only wires and cables. It was the time BEST (Brihanmumbai Electricity Supply and Transport) had made cables compulsory for buildings. The company noticed an increase in demand for cables. However, on several occasions, it was left at the mercy of manufacturers to ensure it had the right and required inventory. This encour...

Estimated at USD 19.44 billion and expected to reach USD 30.11 billion by 2029, the Indian wire and cable market today prides itself on several homegrown majors who have emerged as leading global names, fulfilling the burgeoning diverse needs of the domestic market as well as catering to several major export destinations. The list of factors driving the market continues to grow, so does the product range available. Today, the objective of industry players is no longer merely setting up manufacturing units, rather to invest in technology, product innovation and developing the right strategy aligned with the constantly evolving market. In this backdrop, factors such as certification or regulatory compliance and sustainability, apart from quality, play a crucial role. The integration of these vital elements has also added a new dimension to how businesses should be operated.    Given the pace at which the industry is going as well as the flurry of major investments, it’s certain ...

Steel serves as the foundation for industrial advancement and infrastructure, while tubes and pipes act as essential conduits. Among these, stainless tubes and pipes are favored due to their unique characteristics, including resistance to corrosion, longevity, and hygienic properties. This segment of the tube and pipe market has garnered attention as domestic manufacturers have persistently called on the government to implement anti-dumping measures to curb the influx of steel and stainless steel pipes from countries such as Vietnam, Thailand, and China. The long-anticipated anti-dumping duty has now come into effect, providing temporary relief to domestic producers. This moment should also be viewed as an opportunity for introspection regarding one's own deficiencies, as well as potential solutions to address them. We are currently navigating a period characterized by extended challenges and significant uncertainties, with the only certainty being economies bracing themselves for ...

The evolution of the wire and cable industry, from Michael Faraday's groundbreaking experiments involving magnets and current-carrying wires to the transition from rubber to PVC for insulation, would astonish any keen observer. Over the years, the global wire and cable market has experienced substantial growth, driven by rapid urbanization, an increasing demand for renewable energy, and the rising need for smart grid technology. According to a report by Mordor Intelligence, the market is estimated at USD 228.42 billion in 2024 and is anticipated to grow to USD 298.53 billion by 2029. In India, the market is valued at USD 19.44 billion in 2024, with projections indicating it could rise to USD 30.11 billion by 2029. This can be attributed to several factors, including major government initiatives. The projections made by the Union Ministry of Housing and Urban Affairs maintain that India's urban population is expected to reach 600 million by 2030. This anticipated growth will dri...

Change is the only inevitable that time brings. Steam propelled the first Industrial Revolution; electricity ignited the second; advanced machinery engineered the third; and intelligent machinery and computers are shaping the Fourth Industrial Revolution (4IR). The 21st-century is of connectivity, advanced analytics, automation, and advanced-manufacturing technology that has been transforming global businesses for years.  Pulp and paper producers around the world face increasing pressure to improve sustainability while meeting higher production and quality demands. For decades, they have struggled to optimize individual processes and make them interact to identify results, such as how chemical recovery performance impacts fiberline production. Over the years, the industry has made immense progress on the technology front and the resource availability has changed. Having grown and adapted over the years, many mills have embraced 4IR.  It encompasses the need for automation of t...

You do wonders  Here they're greater To the parched souls  In this craggy part Its refuse-clogged streets Home to mangy curs  Its discoloured sky Where the last stork  Was spotted long ago  Now the picture dimmed Even crows evaded As there was nothing  For crumbs turned stones  You have swept it clean  The crags seem to smile The crumb-stones softened The curs washed clean  The storks faraway  Now recall the fond memories  Of fishing with ibises Under the watchful eyes Of a solitary kingfisher The crows sense a jolt Ah, you're here With the long-craved wonders  Let the sky be blue again Let there be monstrous clouds Let the storks meet the herons Give the kites a reason  To unfurl their wings  Give the real sense  That you still are around To shower hopes Bring the dreams Within reach.

Regardless of the challenges you've faced, the outcomes are what truly matter. In the realm of business, it's the figures that convey everything, showing whether your strategies and execution were successful. However, achieving success requires a significant amount of effort. This includes keeping up with market trends; understanding the constantly changing behaviors of consumers, often influenced by new developments; identifying the specific markets you aim to reach or to expand footprint; being confident in the organization's expertise and its ability to provide unique solutions; ensuring efficient delivery at the final stage; and, naturally, always being prepared for unexpected developments. This is the nature of business. Over time, companies have had to add more elements to their processes. This becomes increasingly important as global markets grow more competitive and diverse rules are implemented. The most recent example is the EU's Carbon Border Adjustment Mecha...

In 1991, when the Indian economy underwent liberalization, the GDP was at USD 266 billion. At that time, inflation peaked at 16.7 percent, and foreign currency reserves could cover only two weeks of imports. Capital flows mainly consisted of aid flows, commercial borrowings, and non-resident Indian deposits. Foreign direct investment (FDI) was mostly directed towards a few public sector bond issues, as foreign equity stakes in Indian companies were restricted. Cut to 2024, the country is the fifth largest economy and  is on the track to surpass Japan as the fourth largest economy in 2025. Supported by solid macroeconomic foundations, strong domestic demand, responsible fiscal policies, and a young demographic, India's GDP is estimated to be more than USD 3.9 trillion in FY 2024. With a population of 1.4 billion, the nation has emerged as the world's fastest-growing economy. In its recent assessment, the IMF revised its growth forecast for 2024 from 6.5 percent to 6.8 percent. I...

With a looming future of water scarcity, the importance of water management is always in the spotlight. It serves as a reminder that we all share responsibility and must take action both individually and at the organizational level. Against this backdrop, the water footprint of the pulp and paper industry is facing significant scrutiny. This focus is warranted as the industry is water-intensive, necessitating mills to take steps to lower their water footprint. Over the years, implementation of new technologies and strategic partnerships have enhanced the competitiveness of mills. A noticeable contrast exists between the average water consumption of previous decades and their current water efficiency. This leads to the conclusion that the industry has made genuine efforts to improve, including substantial investments in acquiring or developing new technologies, forming advanced partnerships with solution providers, and harvesting rainwater. During our extensive interactions with various...

With the growing concern for environmental impact, there is an increasing demand for eco-friendly options instead of plastic tableware. The negative impact of plastic-based materials is prompting manufacturers and consumers to look for safer and biodegradable options, driving the growth of the compostable tableware market. On average, the United Nations reports that the world produces 430 million tons of plastic annually, with two-thirds used briefly. Each day, the equivalent of more than 2,000 garbage trucks full of plastic is discharged into oceans, rivers, and lakes. India ranks third globally, generating 5.5 million tons of single-use plastic waste. In 2018, Prime Minister Narendra Modi declared India's plan to eliminate single-use plastic by 2022. As of July 1, 2022, India has enforced a nationwide prohibition on the manufacture, import, storage, distribution, sale, and use of specific single-use plastic items including plates, cups, glasses, as well as utensils such as forks,...

As the city of Hyderabad is set to host the second edition of Tube & Pipe Fair, 2024, the Indian tube and pipe industry has so much to reflect and look forward to. Many have asked why not the much familiar Delhi, Mumbai or Bengaluru, for that matter. We started in Delhi with a conviction, and the response we received was extraordinary. This also convinced us to dive deep into the industry to find out what more could be done to help the industry realize its collective goal. The answer was to diversify the presence so that the industry could be better served. Thus the centrally located city of pearls turned out to be the best option, for it offers everything or more for less. What place could outbid this long-cherished amalgamation of its culinary fame, state-of-the-art infrastructure, including information technology, and the rich metropolitan ecosystem with close proximity to the tube and pipe manufacturing and application clusters.  Over the years, the city of heritage has att...

As Prime Minister Narendra Modi is sworn in for a  third term, although with a dented majority, what has emerged apparent is the continuity of most existing policies. But it also means avoiding introduction of bold measures which could spark widespread political debates or create any loggerhead. Retaining Nirmala Sitharaman as finance minister, Piyush Goyal as the commerce and industry minister and S. Jaishankar as external affairs minister, among others, has underlined that its approach will persist or could be broadened. This has, no doubt, assured the business communities across sectors that they can continue to do what they have been doing, and at the same time they can anticipate the implementation of several policies in pipelines.  As India continues to leverage the China Plus strategy, the government is expected to expand its production-linked inducement scheme and increase capital infusion. It has been reported that announcement of more expansion is already underway, a...