Indian environment services sector to grow to €3.2b in FY 13 | SupportBiz

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Indian environment services sector to grow to €3.2b in FY 13

 
India’s leading trade fair for water, sewage, refuse and recycling, IFAT INDIA 2013, took place at the Bombay Convention & Exhibition Centre in Mumbai recently.

The three-day event, organized by premier trade show company Messe München and its subsidiary MMI India, provided an opportunity to the waste management industry to network, meet their customers and exchange ideas.

Talking at the event, Darryl Dasilva, CEO MMI India Pvt. Ltd. said, “Considering the downward correction in economic growth in India, we are very glad that the interest in IFAT India remains high. This proves that the Indian offshoot of IFAT in Munich, the world’s leading trade fair for waste, sewage, waste and raw material management, is serving an important market.”

He also noted that, the Indian market for environment services is expected to grow to a total volume of 3.2 billion Euros by this year. Increasing urbanization and greater environmental consciousness in India are leading to a growing demand for modern environmental technologies and services which in return would result in large investments to develop and upgrade the environmental services.

Solid waste management in Indian cities has emerged as a major concern over the past few years. The rise in urban population and economic growth in the absence of an effective management mechanism has manifested in the current state of solid waste management in Indian cities which is far from perfect. Given the present situation, the quantum of waste generated in cities, especially larger ones with higher population is expected to increase. Industrial solid waste, including hazardous waste, is also increasing at a phenomenal rate. IFAT INDIA 2013 addressed all these issues and showcased products that have been adapted to the market and also provide an opportunity for equipment suppliers from different sectors of water, sewage, refuse and recycling to share and educate people about their innovative technology.

India, being home to 16 per cent of the world’s population, possesses only 4 per cent of its water resources. Experts estimate the water consumption in India will have doubled by 2030. Therefore India needs substantial investments in the water sector. India with a population density of 333 persons/sqkm and urbanization rate of 25 per cent shows tremendous potential in environment protection and waste management.

Hemant Watve, MD & CEO, WILO Mather and Platt, said, “As India’s major metropolises are constantly growing, there is a need for fresh water. At the same time, the water table is sinking. IFAT INDIA in its first edition brings in a lot of technology experts from the industry and WILO MPP is glad to exhibit here as it gives a wide opportunity to meet and get in contact with worldwide network of customer in the field of clean and waste water utility.”

IFAT INDIA 2013 was supported by Indian Water Works Association, Indian Desalination Association, National Solid Waste Association of India (NSWAI), International Solid Waste Association (ISWA), European Commission, European Business and Technology Centre (ebtc), European Water Association (EWA), Federation of Indian Export Organisations (FIEO) etc.