चाइना को दुलत्ती और भारत को फैक्ट्री, Watergen announces joint venture to invest over $50 million

चाइना को दुलत्ती और भारत को फैक्ट्री, Watergen announces joint venture to invest over $50 million
LINK - https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/water-from-air-tech-watergen-announces-joint-venture-with-smv-jaipuria-group-to-invest-over-50-million-in-2-3-yrs/articleshow/91793360.cms

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Israel-based company Watergen on Wednesday announced a strategic joint venture with SMV Jaipuria Group with a planned investment of more than USD 50 million (over Rs 387 crore) in the next 2-3 years for bringing water-from-air technology products to India.

As part of the 50:50 JV, Watergen also launched four of its atmospheric drinking water devices -- Genny, Gen-M1, Gen-M PRO and Gen-L -- for the Indian market for both industrial and consumer use. A manufacturing plant will also be set up by the year-end under this partnership, it said.

These devices produce water from humidity in the air. They have capacity to produce 30 to 6,000 litres per day, with prices starting from Rs 2.5 lakh plus GST.

These devices are ideal for schools, hospitals, parks, resorts, construction sites, villages, residential buildings, homes, offices, among others.

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