Mumbai: Although India is set to become water-scarce country by 2025 due to demand-supply mis-match, the water sector is expected to see investment of $13 billion from overseas players in the next few years, a new study has said.
"India's demand for water is expected to exceed all current sources of supply and the country is set to become water scarce country by 2025.
"With increasing household income and increasing contributions from the service and industrial sectors, the water demand in the domestic and industrial sectors increasing substantially," says a study conducted by EA Water, a leading consulting firm in water sector.
However, 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.
The country provides huge opportunities across the spectrum in infrastructure development for water supply and wastewater management.
Maharashtra is emerging as a hub for the water sector. Over 12 international companies have already set up design and engineering centers in Mumbai and Pune.
Pune and Nashik are going to be large hubs for manufacturing & fabrication industry in pumps, instrumentation & monitoring equipment.
With PM Modi government's planned investments in the water sector through the Ganga River Cleaning project, the Smart Cities initiative and the Swachh Bharat campaign, the industry is also hopeful of creating over 1 million jobs, it said.
"India's demand for water is expected to exceed all current sources of supply and the country is set to become water scarce country by 2025.
"With increasing household income and increasing contributions from the service and industrial sectors, the water demand in the domestic and industrial sectors increasing substantially," says a study conducted by EA Water, a leading consulting firm in water sector.
However, 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.
Advertisement
The country provides huge opportunities across the spectrum in infrastructure development for water supply and wastewater management.
Advertisement
Maharashtra is emerging as a hub for the water sector. Over 12 international companies have already set up design and engineering centers in Mumbai and Pune.
Advertisement
Pune and Nashik are going to be large hubs for manufacturing & fabrication industry in pumps, instrumentation & monitoring equipment.
Advertisement
With PM Modi government's planned investments in the water sector through the Ganga River Cleaning project, the Smart Cities initiative and the Swachh Bharat campaign, the industry is also hopeful of creating over 1 million jobs, it said.
Advertisement
COMMENTS
Advertisement
Lava Blaze Duo 5G Now Available for Purchase in India: See Price, Launch Offers "Ravichandran Ashwin Should Be Conferred Khel Ratna Award": Congress MP's Big Request Aayushi Shukla Stars As India Beat Sri Lanka And Storm Into U19 Women's T20 Asia Cup Final 11 Dead, Many Critical In Jaipur Fire As 2 Trucks Collide Outside Petrol Pump Google Slashes 10% Of Managerial Staff In Hunt For 'Googleyness': Report Gas Leak, Then Blast: CCTV Shows Moments After Jaipur Crash That Killed 11 Putin Was Asked If He "Took Care" Of Russia In 25-Year Rule. His Reply Popular Dog Arthritis Medication Is Killing Them, Says Report Atul Subhash's Mother Goes To Top Court For 4-Year-Old Grandson's Custody Track Latest News Live on NDTV.com and get news updates from India and around the world.