G. Soundararajan, Vice Chairman - C.R.I. Group, says: “In the 1st phase, C.R.I. has earmarked an investment of Rs.125 crore for this project.”

C.R.I. Group has entered into the high end specialized wires and cables market. This diversification and expansion is part of an aggressive plan that targets turnover of Rs. 5,000 Crores in 2021.

In the high end specialized wires and cables offering for the 1st time in India, C.R.I.'s Research Centre has developed a high temperature application XLPE ( cross linked poly ethylene) submersible winding wire with higher dielectric strength. C.R.I. has also developed high efficient DC solar cables for the fast growing solar industry. C.R.I. has already test marketed some of these products in specific markets and got overwhelming response.

According to G. Soundararajan, Vice Chairman - C.R.I. Group, over the last 25 years, the wires and cables industry has moved from being a small industry to a large one. The sector continues to remain highly fragmented predominantly by organised players. However, about 35% of the market is still catered by unorganized players in the industry.

"This volume driven product places a lot of importance on quality and technical specifications. In fast growing countries like India, the demand for specialized cable and wire products for specialty applications are increasing rapidly, resulting greater opportunities for C.R.I."

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