PROCESS: In India, which industries do you think will have the most potential in the near future?
Duguid: Besides the infrastructure sector, there are three other key industries which possess great potential. Water including waste water purification and water management has significant growth potential in the near future. According to a World Bank report, India is the largest user of ground water sources in the world. It uses an estimated 230 cu km of groundwater per year—over a quarter of the global total. Indian cities generate over 41,000 mn litres of waste water per day. With rapidly depleting sources and industrial pollution, water recycling, waste water management and sanitation technologies provide a huge opportunity in India. The Indian Ministry of Water Resources plans to invest US$50 bn in the water sector in the coming years.
With the aim to provide at least eight hours per day of power supply to all households by 2017, India has initiated several initiatives to close the energy gap. It is estimated that by 2030, India will need to add at least 250–400 GW of new power generation capacity. On this background, the energy sector and energy generation, including renewable, will be an important sector for the years to come.
Moreover, according to the annual report of the Internet and Mobile Association of India, the number of internet users in India will surpass 500 mn by 2018 and India’s internet economy will grow to US$200 billion by 2020. This industry will contribute an estimated 5 per cent to the GDP of the country, thus making e-commerce, digital media, cloud computing and gaming important sectors to focus on in the future. There will be plenty of opportunities for international companies to support and participate in this growth over the coming years.
* The author is Associate Editor of Vogel Business Media in India