Expect robust order inflow given government's push on water infra, says Ion Exchange

Talking about order pipeline, he said the Sri Lankan order was progressing very well and by the end of this financial year, they would be completing over 70 percent of the contract.

“In terms of order visibility for the next 12 months, we have a healthy order bank and the way we see investments coming up in the water and sanitation area especially now that the government is committed to provide safe drinking water to every household – it will open up a large opportunities for companies like ours."

Similarly on the sanitation front as well the government is determined to see all the city’s sewage treated. "So, once these projects start coming up, I am sure there will be a good growth for the whole water industry,” he said in an interview with CNBC-TV18.

“Everywhere the fresh water availability is getting scarce which is forcing the industry and the government to look at alternate sources. Now alternate sources are sea water treatment and waste water treatment. Both treatments require membrane technology to make the water good for reuse. That means the membrane business is likely to grow tremendously in the next 5-10 years," he said.

According to him, the membrane technology business for the company is expected to grow by about 15-20 percent per year since people are keen on using processes that do not use chemicals. Membrane technology is needed to make wastewater or sea water portable.

With regards to their expansion plans he said, “We have already made an investment of close to about Rs 60 crore in membrane technology business and now are waiting for another expansion which will come up during the next financial year."