State-owned power equipment maker BHEL today said it would join hands with GE India Industrial Private Limited for manufacturing water treatment equipments.
"BHEL and GE India Industrial Private Limited (GEIIPL), a 100 per cent owned subsidiary of GE, USA will jointly engineer and supply water treatment solutions for the Indian market," the company said in a statement.
According to the terms of the agreement, the joint venture will help BHEL acquire the capability to develop large water treatment systems based on GE Products, on its own, it said.
Experts peg the domestic water treatment market during 2011-15 in power generation, potable water and waste water treatment at approximately Rs 18,000 crore. Out of this, the power sector alone would require water treatment systems worth Rs 8,000 crore.