Water is essential and everybody knows it however crisis of same is not unknown too. From depleting water table to drinking water shortage, there are several issues pertaining to water, across India. In a welcome step towards solving this future-havoc problem, BSE Institute, a wholly owned subsidiary of leading stock exchange BSE, has joined hands with Sasha Infrastructure, which is a leading water and infrastructure Services Company that represents several water tech companies from Israel.
The collaboration will focus on driving this innovation in India with the involvement of organizations from Israel who are world leaders in this domain.
Both the entities have signed a memorandum of understanding (MOU) to promote startups and entrepreneurs in the domain of water conservation and technology. The MoU was signed by Ambarish Datta, MD and CEO at BSE Institute, and Romiel Samuel, MD, Sasha Infrastructure, Israel.
“The objective of the collaboration is to promote startups in the domain of sustainable water-related infrastructure and services,” BSE said in a statement.
Initially, the startups to be considered shall be in the field of water well refurbishment, ground water recharge, waste water treatment, etc. which shall create sustainable impact in water tech.
The purpose and nature of the water infrastructure investments needs have significantly expanded to water supply and sanitation, flood protection, drought management, and water quality management.
As per the statement, innovative startups can reduce overall investment needs and improve capital efficiency through improving the operational effectiveness of existing water infrastructure.
Ashish Chauhan, Managing Director and CEO of BSE Ltd, said startups have a critical role to play in this domain by evolving innovative solutions to address this issue.
“It’s delighting to see India and Israel cooperating once again on this strategic field of water,” Consul General of Israel in Mumbai Yaakov Finkelstein said.
Israel & Water Tech
Israel is the leader in water technology in the world. It has perfected the modern-day version of the innovative process of drip irrigation, and since 1959, has taken it to the next level, so much so that other countries, both developed and developing, want a piece of the action.
Israel recycles about 87% of its water. The country that has dedicated the greatest resources, innovation, and cultural attention to the problem of water scarcity. Today, it leads the way in solving problems of water supply, spearheading efforts to deal with water leakage, farming efficiency, recycling waste, desalination, pricing policy, and education.
A year ago, India and Israel have deepened their business relationship by the launch of a technology fund, the Israel India Innovation Initiative Fund, or I4F, that focuses towards growing the two countries’ business relations.
It may also be recalled that, in August last year, the Nasscom Product Council and Accenture, an IT consulting major have had together joined hands with Israel Innovation Authority to help startups to grow and nurture.
News sourced from Times of India