In India, nearly 70 per cent of requirements for irrigation and 80 per cent of domestic water depends on the groundwater, which is rapidly getting depleted.
Therefore India provides tremendous opportunities for development of infrastructure in the fields of water supply and wastewater management. Similarly, there would emerge more opportunities in the industrial market till 2020. There would be growth in wastewater recycling and industrial water treatment.
The Modi government has taken up several ambitious programs on investments in the water sector. Some of these are the Ganga River Cleaning project, the Smart Cities initiative and the Swachh Bharat campaign. Therefore, the industry is upbeat of creating over 1 million jobs.
These are the findings of EA Water, a leading consulting firm in water sector. As per this report, overseas players from Canada, Israel, Germany, Italy, United States, China and Belgium sees big investment opportunity worth USD 13 billion in the domestic water sector. Consequently, the industry could expect to get Rs 18,000 crore in the next three years.
(Image courtesy wikimediacommons.org)
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