Paques Environmental Technology India Private Limited, a wholly-owned subsidiary of the Netherlands-based industrial waste water management company, Paques, expects to clock a turnover of Rs 100 crore in the next five years. Registered in 2012, the company is working with two large petrochemical projects in waste water treatment.
It is planning to set up a manufacturing facility in India for producing core components for its systems in India. While it would be considering both the southern and western parts of the country for its plant, it has selected its office to be in Chennai, considering the automobile hub in the country has an advantage in terms of its experience on engineering plastic processes.
"We are looking at options to set up the facility. Typically, the facility with the capacity which we are looking at should be of around 50,000 to 70,000 sft, and would require 40-50 people by the end of 2014," said Sudeep Sangameswaran, managing director of Paques Environmental Technology India. Once the location is identified, it would take 12-15 months to complete the facility, he added.
The company has operations in US, Europe and China and considering the growing market in India, it has decided to set up its operations in India, said Marie-Jose Roks, chief financial officer, Paques Holding Bv.
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.
This is a re-entry for the company in the Indian market, as it had a joint venture in 1990s in India, in which it was a minority partner.
However, the joint venture went into some financial issues, which made the company to pull out from the Indian market. It has not considered the Indian market for its operations for several years, after which it again started to look into establishing its operations in India, said Sangameswaran.
The company has its waste water management and bio-gas operations for petrochemical, sugar, brewing, distilling, dairy, paper and pulp sectors. It also has a limited exposure to textile and pharmaceuticals, he added. The company's part of business would consist only a 5-7 per cent of the total size of the projects in the sector.
