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Contec Global inks $200 million deal with Maithri Aquatech for sustainable water solutions

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HYDERABAD, DUBAI & LONDON: Maithri Aquatech Pvt. Ltd. and Contec Global have entered into a strategic alliance, combining Maithri Aquatech’s Air-to-Water sustainable solutions with Contec Global’s footprint in Africa and the Middle East, to meet the ever-growing requirements of clean, potable and safe water in these regions on a sustainable basis.

The MoU signed between both the companies is for over $200 million, spread over the next few years. The first project to stem from this partnership will be implemented in select Middle East countries.

This partnership will bring together valuable skills in sustainable water solution development, deployment and social impact strategy to help various countries take a step towards water and food security, through innovative solutions.

This deal will undertake capacity building using Indian technology and expertise to deliver turn-key AWG solutions for drinking and micro-irrigation in acutely water-stressed areas, according to Ramkrishna Mukkavilli, Founder and Managing Director of Maithri Aquatech.

“Bringing sustainable technology to Africa has been the focus of Contec Global. We see water problem assuming critical dimensions in coming years and the partnership with Maithri Aquatech will help address some of this,” said Benoy Berry, Chairman of Contec Global, in a statement.