Water scarcity an opportunity to solution providers: JP Morgan
water scarcity in India represents an opportunity for companies positioned as “solution providers” said a report by J P Morgan
“Those with a product or service that either improves water efficiency, alleviates water stress, improves the availability of water or removes the need for water from a process entirely.” the report said
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Offering CollegeCourseWebsiteIndian School of BusinessISB Leadership in AIVisitUniversity of Western AustraliaUWA Global MBAVisitIndian School of BusinessISB Chief Digital OfficerVisit India has 18% of the world’s population but just 4% of freshwater resources. Following a period of drought, forecasts are for June to bring an above-normal 2024 monsoon. However, heavy reliance on seasonal rainfall makes the country particularly susceptible to climate change.
Elaborating on its theme, J P Morgan cites companies with businesses exposed to the water theme. These include firms like Larsen and Toubro, Voltas, Thermax, KSB Ltd, Kirloskar Brothers among others which provide a product or service that either improves water efficiency, alleviates water stress, improves the availability of water, or removes the need for water from specific processes entirely.
The report notes that pressure on agricultural water is also mounting. India is already the world’s largest user of groundwater for example, exceeding the use of the US and China combined. However, the UN estimates that 78% of wells in Punjab, which together with the state of Haryana
