Water and wastewater treatment tech firm Bluewater Bio (BwB) has joined UK Prime Minister David Cameron’s trade mission to India this week.
The invitation to join comes just a few months after BwB entered into a partnership agreement with Tatva Global Environmental, one of India's largest environmental services conglomerates, to market BwB’s compact, high throughput, low energy filtration product – FilterClear™.
Under the agreement Tatva will market the technology as well as take responsibility for the local assembly and integration of product supplied BwB. The remit of the agreement is expected to expand beyond India, with Tatva planning to broaden its marketing into South East Asia as a whole.
The first filter vessel to be ordered under this partnership has already been delivered to the Nirlon Science and Knowledge Park’s ‘green campus’ in Mumbai’s western suburbs, where it is being incorporated into an 840 m3/day reuse system.
The value of the water and wastewater equipment market in India has been placed at about £1.2 billion and BwB is seeking commercial and academic partners in India in order to roll-out its growing technology portfolio.
Jai Shroff, owner and MD of Tatva Global Environmental, commented:
“We at Tatva are very pleased to add Bluewater Bio’s technologies to our suite of environmental solutions in our continued efforts to be at the forefront of technology leadership in the environment industry.
“We expect to add substantial value to our clients by offering a technology which out-performs existing solutions on a host of parameters.”
Daniel Ishag, CEO of BwB, added:
“This high level delegation to India is another major milestone for Bluewater Bio as we expand our global coverage. We are delighted not only to have found a partner of Tatva’s scale and reputation for our first foray into India, but also to be commissioning our first joint installation at an eco-development like the Nirlon Knowledge Park.
Building on that flagship foundation we have already identified an ongoing pipeline in India of 12 potential projects with a combined sales value, for the FilterClear component, of approximately £6 million."
Trade and Investment Minister Lord Green said:
“We are on track to double our trade with India by 2015. India has the potential to become one of the largest markets in the world. Bluewater Bio are rightly recognising that they can reap the rewards of looking outside Europe for trading partners, selling goods and services to high growth markets outside the EU.
“Government is clear that we must build deeper ties with India. This means supporting and encouraging a range of companies, both large and small, to do business there in the future, andI am delighted that Bluewater Bio are part of the delegation for this trip.”