Frost & Sullivan presented its 2nd Annual Environment Excellence Awards on Tuesday 14th December 2010 at the Hyatt Regency, Mumbai. Frost & Sullivan presented 18 awards to 18 exemplary companies displaying outstanding accomplishments in their respective businesses and achieving a competitive and leading position in their markets.
The evening witnessed conglomerates getting a glimpse of growth opportunities present in the Water and Wastewater Treatment, Waste Management, Air Pollution Control and Point of Use (PoU) Water Treatment Systems markets in India presented by Frost & Sullivan.
According to Frost & Sullivan’s analysis, the environment market is expected to register growth rates of more than 15 percent in the next five years. India presents a perfect balance in terms of growth across sectors, technologies, and projects. While betting big on desalination to be the key to halt the alarming water crises in coastal cities, Frost & Sullivan observed that lack of political will is the toughest hurdle to its growth. Considering the megawatts of electricity to be added in the 11th and 12th five year plans, Frost & Sullivan opines that Power sector will bolster the further development of the environment market by way of opportunities in boiler water treatment and condensate polishing,
Growth and Technology options in the four prime environment markets are:
Water and Wastewater - Wastewater Recycling and Reuse, Sludge to Energy, Energy efficient ZLD systems Residential Point of Use systems market - Low Cost Purifiers and Non Electric POU systems Air Pollution Control – Emergence of low cost FGDS systems and emission controls for NO, VOCs, and Mercury emissions.
Waste Management – Electronic waste and battery recycling, solvent recovery and municipal waste to power.
The growth is strictly contingent on the regulatory mechanisms and policies. Incentives for compliance with standards above and beyond is necessary and strict penalties and tough enforcement will go a long way in shaping the Indian environment market.
Opportunities exist in the environment market, but the industry has to overcome several challenges. The biggest of all is the slow pace of implementation of policy reforms in India. But with the business environment improving, one can expect several initiatives aimed at the Water, Supply, and Sanitation as well as Solid waste management and other environment markets.
A panel discussion on “8-9 percent economic growth and its Implications on the environment” focused on innovative best practices, strategies that India should adopt when the cost of environmental damage is estimated to be over 5 percent of India’s GDP.
Frost & Sullivan’s Environment Excellence Awards 2010 are in recognition of the inspiring and exemplary achievements by companies operating in the environment industry. The environment sector in India is currently riding on a high wave of opportunities. Companies are creating innovative best practices to capitalize on growth prospects as well as to outpace competition during these tough economic times. Frost & Sullivan’s comprehensive research programs identify these best practices within each segment and make them visible to the industry through these excellence awards.
Presenting the awards, Mr. Anand Rangachary, Managing Director, South Asia, Middle East, Frost & Sullivan spoke on the industry and said, “The downside of economic growth is environment pollution, which is hampering the growth of our GDP by 4 – 5 percent, but is also shaping up the opportunities in water, wastewater, air pollution, and solid waste management. Opportunities are being seen across the value chain – right from suppliers of pumps to ductile iron pipes. There is also a growing interest in PE funds to invest in environment companies. Overall, it is a win-win situation for all.”
Frost & Sullivan - Award Recipients for the Year 2010
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Media contact details
Ravinder Kaur, Corporate Communications – South Asia,
Frost & Sullivan,
+91 (44) 42044760,
Priya George, Corporate Communications - South Asia,
Frost & Sullivan,
+91 (44) 42044507,
KEYWORDS: CONSUMER, CONSULTANCY SERVICES, BUSINESS SERVICES, IT, WATER
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