India Appeals to Companies to Fund Water Pipes, Toilets

India Appeals to Companies to Fund Water Pipes, Toilets

India, where about 37 million people are made ill by water-borne diseases each year, some fatally, is courting corporate aid to finance and build water pipelines and toilets to help improve rural health conditions.The government plans to ask companies to assist in the funding and construction of water works as part of a corporate social responsibility appeal to increase piped supplies to 55 percent of rural households by 2017 from 35 percent now, said Ministry of Drinking Water and Sanitation joint secretary Satyabrata Sahu.

India spent 97 billion rupees ($1.6 billion) to boost piped water to rural homes in the year ending March 2014. The nation of 1.24 billion people is trying to cut dependence on groundwater sources, depleted by farmers and industrial needs as well as too often contaminated, with the corporate appeal, Sahu said in an interview in New Delhi.

India has 18 percent of the Earth’s population, second-most after China, and 4 percent of its water resources. The 37-million figure for those made ill in India annually is almost 3 percent of its populace, or nearing the number of people in Canada. Water availability in India per person dropped 15 percent in a decade, according to a 2011 census that cited agricultural overuse and industrial extraction.

To contact the reporter on this story: Archana Chaudhary in New Delhi at achaudhary2@bloomberg.net

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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