October 26, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

Denmark’s Grundfos, Tata Projects tie up for environment, water projects

Denmark’s pump solutions and water tech company Grundfos has signed a memorandum of understanding with Tata Projects to cooperate and explore projects jointly in the area of environment, sustainability and water.

This will be done through cooperation and joint ventures in the areas of technology, identification of market and joint business development. This MoU is aligned to the ongoing Green Strategic Partnership between Denmark and India. The company also unveiled innovative drinking water and dispensing solution in Delhi. This affordable solution consists of intelligent pumps that control a membrane treatment system and a dispenser that provides clean and safe drinking water.

The deal was signed by both the in the presence of Prime Minister of Denmark, Mette Frederiksen and Danish Ambassador to India, Freddy Svane.

Svane said: “This MoU is a good example of how sustainable technology and collaboration can help strengthen the ‘Green Strategic Partnership’ between Denmark and India. Both countries are working on a government-to-government level in the strategic sectors of energy, water and environment, urbanisation and Intellectual Property Rights. This mutually beneficial arrangement enables Denmark to deliver sustainable solutions to India that will help both countries.”

Stephane Simonetta, Group Executive Vice President, COO, Grundfos added, “Grundfos is proud to be partnering with TATA Projects to deliver innovative and green solutions to address India’s water and environmental challenges. With TATA Projects’ expertise in water and waste-water management solutions in the country and our intelligent solutions, this collaboration has the potential to strengthen India’s water security and create jobs. Once again, we collaborate to pioneer solutions, improving quality of life for people.”

Rahul Shah, COO – Urban Infrastructure, Tata Projects Ltd, said, “While this solution is providing clean water to our construction staff and workers, we see a potential to scale the reach of this type of solution to communities that need decentralised drinking water solutions.”

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Share This :