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Netherlands' Paques opens facility at Sri City

Press Trust of India  |  Tirupati 

Paques Environmental Technology (PETI) Private Limited, a wholly-owned subsidiary of the Netherlands-based industrial waste water management company, Paques, today inaugurated its manufacturing facility at Sri City, about 100 km from here.

Inaugurating the facility, Netherlands Ambassador to A H M. Stoelinga said Netherlands is now India's fourth largest trading partner in the European Union and one of the top five investors.

In recent years, the value of mutual trade between the two countries has risen enormously, he said adding that there are 115 Dutch companies which have presence in and Netherlands too attracted most of the out-bound foreign direct investments from India.

The new subsidiary, built at a cost of Rs 30 crore in two acres will supply its products to all nations, and Vietnam, said Sri City Managing Director, Ravi Sanna Reddy.

Paques, as a market leader in the field of green energy, has been developing cost-effective purification systems that reduce water and carbon footprints and reclaim valuable resources.

It is one of the few major firms in the world which uses anaerobic technology for waste water treatment, in which the bacteria would convert organic compounds (COD) to bio-gas in an environment without oxygen, which is a green energy technology. It has more than 2000 installations in 60 countries, across different industries, Reddy said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 18 2016. 21:57 IST