The management of India’s global pure-play water technology MNC believes desalination and recycle & reuse to be the key growth vectors to ensure water security with an estimated market potential of over $40 billion.
India: VA Tech WABAG Limited has completed 25 years of successfully providing sustainable solutions for a cleaner ecosystem for over 71 million people worldwide.
Speaking on this occasion, Rajiv Mittal, MD & Group CEO, VA Tech WABAG said, “As we complete 25 years of passioneering advanced technological solutions in the water sector, it gives us a sense of immense satisfaction and pride to be catering to a population of 71 million people worldwide. With the water sector in India securing an allocation that has never been witnessed in the history of Independent India, the water sector clearly emerges as a top priority in India. A similar trend has been observed globally, which will help unlock huge potential in the global water market. WABAG, with its technical expertise and execution excellence, emerges as a preferred partner for governments, municipalities, ULBs, and industries globally.”
He further added, “Through our sustainable and responsible business practices, WABAG adopts an inclusive approach for Environment, Social & Governance (ESG) tenets in its core business. The firm is aligned to the United Nation’s Sustainable Development Goals (UNSDG), directly contributing to SDG-6: Clean Water & Sanitation for All.
In line with its vision of ensuring clean water and sanitation, WABAG is among the top water technology players worldwide today. It has used its experience and cutting-edge technology to “passioneer” the world’s first direct potable reuse plant and PTA effluent recycle plant.
In addition, the firm has also built India’s largest municipal desalination plant, India’s first STP to complete 100,000 hours on a single gas engine, and the first industrial ETP in India to recycle & reuse treated effluent as process water.
Today, WABAG produces 26.5 million m3 of clean water, purifies 27 million m3 of wastewater, recycles 2.5 million m3 of wastewater, and desalinates 1.2 million m3 of clean water each day through its 1400+ plants.
Rajneesh Chopra, Global Head Business Development elaborated, “Renowned financial institutions and green funds all across the globe are looking at the water sector with a renewed interest. There is notable allocation under active, proposed and pipeline stages from various global bilateral and multilateral financial institutions to boost sustainable infrastructure. With a vast array of technological solutions which includes 100+ IP rights and 3 R&D centers, WABAG is well placed to capitalize on the next growth wave in the water sector.”
He further added, “We believe desalination and recycle & reuse to be the key growth drivers to ensure water security globally, with an estimated market potential of over $40 billion.”
Continuing its success story further, WABAG has successfully forayed into two new geographies this financial year – securing a high technology industrial order in Russia, and a large-scale desalination project in UAE.
VA Tech WABAG, as an internationally respected expert group, acts as a systems specialist and full-service provider with a focus on the planning, installation, and operation of drinking and wastewater plants for local government and industry in the growth markets of Asia, North Africa, the Middle East, the Central and Eastern Europe states. The WABAG Group represents a leading multinational player with a workforce of over 1,600 and has companies and offices in more than 20 countries. Since 1995, WABAG has completed over 1400 water and wastewater plants worldwide.
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