May 16, 2021

Contec World inks $200 million take care of Maithri Aquatech for sustainable water options

HYDERABAD, DUBAI & LONDON: Maithri Aquatech Pvt. Ltd. and Contec World have entered right into a strategic alliance, combining Maithri Aquatech’s Air-to-Water sustainable options with Contec World’s footprint in Africa and the Center East, to satisfy the ever-growing necessities of fresh, potable and secure water in these areas on a sustainable foundation.

The MoU signed between each the businesses is for over $200 million, unfold over the subsequent few years. The primary mission to stem from this partnership will likely be carried out in choose Center East nations.

This partnership will carry collectively beneficial abilities in sustainable water answer improvement, deployment and social influence technique to assist numerous nations take a step in direction of water and meals safety, by revolutionary options.

This deal will undertake capability constructing utilizing Indian know-how and experience to ship turn-key AWG options for consuming and micro-irrigation in acutely water-stressed areas, based on Ramkrishna Mukkavilli, Founder and Managing Director of Maithri Aquatech.

“Bringing sustainable know-how to Africa has been the main focus of Contec World. We see water downside assuming important dimensions in coming years and the partnership with Maithri Aquatech will assist handle a few of this,” mentioned Benoy Berry, Chairman of Contec World, in a press release.