EA Group to invest Rs 1,000 cr in Gujarat water sector

Our Bureau | | Updated on: Jan 30, 2013

The Everything About Water Group will invest Rs 1,000 crore in Gujarat to provide water recycling and desalination solutions mainly to the private sector in Gujarat and to set up a design and engineering institute in Ahmedabad, H. Subramanium, Co-Founder, said here on Wednesday. The projects being taken up include the one at the upcoming Gujarat International Finance Tec-City (GIFT) in Gandhinagar.

The EA Group is already working on four projects with the State Government and municipal bodies to provide training and capacity building in the water sector. Subramanium said India’s water business is expected to grow 18 per cent annually from Rs 60,000 crore to Rs 1 lakh crore in the next three years. Agriculture and irrigation account for 70 per cent of the total demand, while water transportation (Rs 20,000 crore) and municipal supplies (Rs 12,000 crore) come next. While the cost of water is increasing, that of its re-cycling and de-salination is decreasing due to improved technologies.

Gujarat and Tamil Naduhave emerged as water-deficient States. In fact, Gujarat has emerged as the ‘capital of water sector’ in India with about 1,000 companies engaged in businesses like manufacturing equipments for technologies such as reverse osmosis and ultra-filtration.

These companies now supply the equipment across India. Gujarat accounts for about 30 per cent of the country’s domestic water purifier business worth Rs 3,000 crore. India’ water and waste water treatment market, worth Rs 8,000 crore, is growing at an 18 per cent rate. It is to highlight these facts that western India’s largest water show will begin on Thursday in Ahmedabad to showcase the challenges, opportunities and solutions available in water sector.

The three-day India Water Expo, a trade show to exhibit products and organise seminars, will have “Clear Solution to Clean Water” as its main theme. About 225 exhibitors, 16,000 trade visitors and 400 delegates from eight countries are expected to attend Referring to reports, Subramanium said India, once water rich, is now emerging as a “water stressed country” as its per capita water availability has decreased from 5,400 cubic metres per annum in 1955 to 1,800 cu mt in 2010. This is projected to further slide down to 1,000 cu mt in 2025. “Unless proper water management policies are followed, India may become a water scarce nation like those in West Asia .”

Published on January 30, 2013
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