Indian Embassy Announces German Companiesí Support for Indian Cities Renovation and Development
Representatives of prominent German companies have pledged their support for projects aimed at bettering the Indian water and waste sectorsJuly 13th, 2016
The Indian Embassy in Berlin has announced that German companies have expressed their interest in supporting innovative projects to provide water and control waste in India, as part of the Ganga Rejuvenation Mission, Swachh Bharat Abhiyan and Smart Cities Mission programs.
During a business meeting organized for the German investors and technology providers at the Indian Embassy in Berlin, Andreas Jaron, German Federal Minister for the Environment, Nature Conservation, Building and Nuclear Safety conveyed that both Germany and India are developing projects to modernize the water and waste sectors in India. Such projects include the identification of technologies and assistance in capacity building, market developing and business modelling, setting roadmaps for bilateral cooperation.
Germany has already pledged Ä126 million for the Ganga Rejuvenation Mission and identified Kochi, Coimbatore and Bubaneswar as the focus of Smart Cities. Several companies have expressed their interest in expanding their footprint in India, and in this respect the event held at the Indian Embassy sought to mobilize cooperation in the sectors concerned.
Arun Lakhani, member of Vishvaraj Infrastructure and of FICCI Water Mission, advised German companies to adapt and improve their technologies in view of the rapidly changing market developments in the water and waste sector in India. He suggested the adoption of a successful business model that includes Public Private Partnership (3P) model.
Senior officials from the German Water Partnership and the German Waste Industry Association attended the event and identified potential areas for cooperation.