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Following a spin-off from the US-based ITT Corporation on October 31, its local subsidiary Xylem Water Solutions India Pvt Ltd, which began operations on Monday, said it would invest $22 million (Rs 110 crore) over the next three years to establish a facility at Vadodara in Gujarat.
The global leader will invest in a new assembly, test and research facility at Vadodara as part of the $3.2-billion water technology company, Mr Sam Yamdagni, President and Managing Director, said here.
Xylem is a world leader in equipment and applications expertise in the transport, treatment and testing of water. The company's 155 employees in India will serve the power, irrigation and wastewater treatment business segments in the region, provide services to local and overseas customers, and generate local job opportunities.
India, facing challenges in urban areas leading to increased demand for clean water, energy and wastewater treatment, plans to build more than 50 large power plants projects by 2017 and a range of large irrigation and wastewater treatment projects. Xylem plans to leverage the company's global reach and experience, as well as its local expertise, to help the country develop this infrastructure, he said.
Headquartered in New York, and having 12,000 employees across the globe, Xylem serves customers in more than 150 countries to address critical water issues such as growing scarcity, aging infrastructure and more stringent environmental regulations.
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