Va Tech Wabag is looking to capitalise on the development efforts being made by countries that are rebuilding after the recent Arab Spring protests.
The Chennai-based company, which recently set up 100 million litres per day (mld) desalination plant near here, is expecting the North African and Arab countries to contribute significantly towards its order book over the next five years.
“We have started receiving orders from Egypt, Algeria and so on. These countries are starting a major rebuilding effort after the recent protests, and we are ready to supply them with desalination plants,” said company Managing Director Rajiv Mittal, while addressing reporters here on Tuesday.
Apart from these countries, the firm is also eyeing Latin American market, which, according to Mr. Mittal, has great potential.
“We are looking at tapping Latin America through our subsidiary in Spain, which will make it easier for us. Despite this, the Indian market will remain our biggest for the foreseeable future. We see similar desalination plants coming up in Gujarat and Andhra Pradesh hopefully soon,” he said.
According to Mr. Mittal, the Indian desalination water market will grow at 30 per cent over the next five years, with the desalination capacity in India placed at 5350 mld by 2018.