Mumbai, Oct 29: Endowed with cost competitiveness and expertise in environment technology, Indian companies can exploit the rapidly growing Chinese market for pollution control, water and solid waste management, which is pegged at USD 85 billion. Indian companies can produce environment protection equipment and provide environment management services to china at a much less price than developed countries like Japan, US and Germany, E Egetenmeir, Deputy Managing Director of Messe Munchen International (MMI), a German organisation holding ecology fair in China, told reporters here today.
China is expected to make an investment in the region of USD 85 billion in environment protection activity by 2005 to upgrade quality of life and clean up the polluted areas including industrial establishments, Egetenmeir said.
Commenting on the distribution of environment protection investment in China, he said about 40 per cent would be channelised into air pollution prevention, 39 per cent in waste pollution, 13 per cent in solid waste management and seven per cent in ecological conservation.
More than 55 per cent of the investment is expected to come from business enterprises, while 34 per cent of it would be financed by provincial and local governments, he added.
MMI is holding ecology fair IFAT China 2004 in Shanghai from June 28 till July 02, 2004.
Bureau Report