India Plans $50 Billion Push to Supply Piped Water to All Homes
Published on by Water Network Research, Official research team of The Water Network in Government
India will spend $50 billion to supply piped water to all households, Finance Minister Nirmala Sitharaman said on Saturday.
“Water stress related issues are now a serious concern across the country,” she said in her budget speech in parliament.
India is one of the world’s biggest users of ground water and its depleting levels are the main reason for the country’s severe shortages. About 600 million Indians are facing high-to-extreme water stress and the situation is set to worsen as water requirements rise, according to a 2018 report by NITI Aayog, the government’s policy-making body. About 75% of the households in the country do not have drinking water, it said.
The move will boost sales of companies involved in the water business. Shares of Jain Irrigation Systems Ltd., which makes micro-irrigation equipment and plastic pipes, gained 4.9% at the close in Mumbai, the most since Dec. 26. Shakti Pumps India Ltd., a manufacturer of steel submersible water pumps, surged 20%, the highest since Sept. 27.
“The people who will be gaining the most are manufacturers of water pipes, water fittings and water meter,” said M.S. Unnikrishnan, chief executive officer of Thermax Ltd., a manufacturing company that also makes water treatment plants.
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2 Comments
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Whilst associated share price rises may be interesting to some, what about the big issues? Once a household has access to piped water, they will want a flush toilet and connection to a sewer. Giving access to potable water for all is good but this is just the tip of the iceberg and no-one has attempted to look at the downstream effects.
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Logically, if 50 Billion is expended for supply of water, 1/3 rd may be aportioned to recycle once used waste water for re use.
Well wishes.