
Paramount Communications Limited has achieved a significant milestone by becoming the largest manufacturer-exporter of electric wires and cables with ratings up to 1000 volts under HSN code 854449 for 2024. According to Indian Customs Export data (Source: Volza), the company has led the industry in direct US exports, recording a remarkable USD 43 million in Free on-board (FOB) exports for the year, representing a 36% growth compared to USD 31 million in FOB exports in 2023.
This achievement underscores Paramount Communications’ prominent position in the electric wires and cables industry, highlighting the company’s expanding global footprint. The company’s growth trajectory in the international market results from its consistent efforts to strengthen its export operations, further cementing its leadership in the sector.
Key Highlights:
- Largest Manufacturer-Exporter: Paramount Communications is the largest manufacturer-exporter of electric wires and cables under HSN code 854449 for 2024.
- Record Exports: The company achieved direct US exports of USD 43 million on an FOB basis for 2024, marking a 36% growth from 2023.
- Industry Growth: Paramount continues to lead in both production and exports, reflecting its competitive edge in the global market.
Paramount Communications remains committed to sustaining its growth and expanding its reach, with ongoing efforts to boost production and exports in the coming years.