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Article: India : Thermax Says India Pollution-Control Sales May Triple by 2016.
- Article from:
- TendersInfo
- Article date:
- October 30, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: datta03
Thermax Ltd., an Indian power- equipment maker that has a marketing deal with General Electric Co., expects air and water treatment machinery sales to triple by 2016 as Asia s second-biggest polluter curbs emissions.
Industrialization in India will be the growth driver, M.S. Unnikrishnan, chief executive officer and managing director, said in an interview at Thermax s headquarters in Pune, near Mumbai. The air pollution control and water treatment businesses may increase to a combined 20 billion rupees ($420 million) in five to seven years, he said.
Thermax has forged alliances with GE s water-treatment division and other ...