India a R&D, sourcing hub for Xylem Inc
The company also sees India as a strategic market and has been investing in it for the last 5 years.
Kolkata: India is fast emerging as the global R&D and sourcing hub for the New York Stock Exchange-listed, $5 billion company, Xylem Inc, a global leader in developing innovative water solutions through smart technology. The company also sees India as a strategic market and has been investing in it for the last 5 years. It is in talks with a number of civic bodies in different cities across the country and is already collaborating with Pune Municipal Corporation (PMC) to provide 2,75,000 smart water meters in the first phase over a period of 3 years. The overall water solutions market in India is estimated to be $1.5 billion- $2 billion and has been witnessing a double digit growth in the past couple of years. Xylem India is keen on tapping this large market, said Nitin Bhate, senior director, marketing, Xylem Water Solutions India Pvt Ltd.
The company has facilities at Vadodara and Bengaluru.