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Water industry eyeing Rs 500b investment Print E-mail
Posted by Administrator   
Friday, 07 January 2011

New Delhi: The fast rising water industry in the country is expected to attract investments of around Rs. 500 billion from Indian and foreign companies, an industry expert said today. Companies from Indonesia, Germany, Spain, France and Italy as also many from India are looking at the water industry, which offers huge potential, water management solutions provider Everything About Water's (EA Water) Chief Operating Officer, H Subramaniam, told reporters here.

"The Indian water sector is coming of age and will grow in the coming decade. The sector is poised to grow at 18 per cent per annum and we expect an investment of around Rs. 500 billion coming from the private sector itself," Subramaniam said. He said that investments in the sector would create over one-million jobs in the next three years.

"There will be huge investments in design, technology and project management capability in the coming years. We foresee a large number of international companies entering India in the project, equipment and consulting sectors, thereby improving overall quality and capability levels. The sector is likely to create one-million jobs in the private sector in the next 3 years," Subramaniam said.
The overall water and wastewater sector is estimated to be worth over Rs 600 billion, with the treatment market being the most attractive segment at Rs 60 billion, he said.
"It is estimated that water supply projects worth Rs 101.50 billion and wastewater projects to the tune of Rs 280.90 billion would be awarded in the next three years," he said. EA Water will be holding an exhibition from January 6-8 wherein 350 exhibitors and 900 delegates from across 25 countries would participate.

Source: The Kathmandu Post, January 7, 2011

 
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