Indian market for environment services is expected to touch Euro 3.2 billion this year

Indian market for environment services is expected to grow to a total volume of Euro 3.2 billion by this year, according to MMI India, the organiser of IFAT India 2013 ­­- a trade fair for the water, sewage, refuse and recycling - which was held from October 24-26, 2013 in Mumbai. Increasing urbanisation 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.
 
India, being home to 16 percent of the world’s population, possesses only 4 percent 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/sq km and urbanisation rate of 25% shows tremendous potential in environment protection and waste management.
 
ALSO READ: Sustainability is at the heart of Excel Industries: Ashwin C Shroff

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.
 
India has a growing demand for modern environmental technologies and services. The country has approximately 36.5 million tonnes of waste generated annually and will see a rise in waste generation from less than 40,000 metric tonnes per year to over 125,000 metric tonnes by the year 2030. IFAT India 2013 provided a platform to the industry from relevant environmental sectors in water: sewage, refuse, recycling and energy conservation management in India.
 
ALSO READ: Navdeep Chemicals is a zero discharge company: Deepak Bhimani

Darryl Dasilva, CEO, MMI India Pvt Ltd, said, “We are proud to present more than 110 exhibitors who are showcasing their products and services for the environmental technology sector. 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 is serving an important market. In this context, we will amongst others award the winners of the ‘All Indian Environmental Journalism Competition’ for their effort of special media reporting and its help to raise awareness of technological and scientific deficits in the environmental sector.”