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May 22, 2014

Indian private water sector looks to Modi for growth – GWI

Indian private water sector looks to Modi for growth

Last week’s mammoth electoral exercise involving over 800 million people has given Narendra Modi a clear mandate to lead India for the next five years. Modi’s reputation for encouraging private investment and good governance during his 12-year tenure as leader of his home state of Gujarat has galvanized the business community.

The progress of water sector PPPs in Gujarat so far has been sluggish. The state’s only large water PPP, the 336,000m3/d Dahej SWRO project being developed by Hyflux and Hitachi has yet to reach financial close. Real progress on PPPs will require the strengthening of the regulatory and investment climate.

Optimism is running high, however. Arun Lakhani, managing director, Vishvaraj Infrastructure told GWI that Modi has water high on his agenda. “The private sector will have a much larger role to play in the coming days in this regime,” said Lakhani, who owns two long-term water concessions in the country.

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