Lapp India also looks forward to promising business opportunities from the smart city initiative. With the government allocating Rs71 billion (0.9 Billion Euros) for 100 smart cities there will be an increased demand for quality smart cabling solutions for urban infrastructure.
The potential for cabling solutions in India is enormous. As a company which is into manufacturing of low voltage cables, Lapp India is extremely bullish. The low voltage cable market in India is currently valued at Rs195 billion (2.5 Billion Euros) and is expected to grow to 360 Billion INR (4.7 Billion Euros) by 2020.
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