50% of revenue expected from our overseas business: Rajneesh Chopra, VA Tech Wabag
«Now going forward, our endeavour will be definitely to look at how do we increase our overseas order intake. And as you mentioned, one of the key areas geographically is Middle East and Africa where we are targeting,» says Rajneesh Chopra, VA Tech Wabag.
There are some announcements, of course, big ones, India-Middle East in their recent meets. I want to understand from you, from a company standpoint, what kind of revenue potential or what kind of order potential are you expecting on the back of these tie-ups for say water-infra-related orders?
See, as you said, the outlook for the water sector per se has been pretty good, both in India as well as overseas. If you particularly talk about VA Tech, I think we are at all-time high order backlog and we have a good mix of India as well as overseas orders. One of the key orders which in recent past you have seen is 400 MLD desalination plant in India and a major breakthrough in Bangladesh for a wastewater treatment plant.
Now going forward, our endeavour will be definitely to look at how do we increase our overseas order intake. And as you mentioned, one of the key areas geographically is Middle East and Africa where we are targeting.
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Recently we signed an MOU with one of the major developers in Saudi Arabia, when their minister was here after the G20. So, we had a strategic MOU signed with them. We are strategically tying up because the market has transitioned in GCC to more on the BOT basis.
So, we are in the process of having
