BENGALURU
CH NEWS
Country’s first Digital Water Bank ‘AQVERIUM’ formed by AquaKraft Group Ventures, a next-generation sustainability, and impact enterprise focused on providing clean drinking water and sanitation, was launched on Monday.
Launching the Digital Startup AQVERIUM headquartered here, Dr.CN Ashwatha Narayana, Minister for IT/BT and Science and Technology said, this is a very unique innovation combining sustainable and green technologies along with information technology, skill development & entrepreneurship. Further, he told, the Startup has a holistic approach towards finding a much-needed solution to a crisis that not only India but the world is staring at.
Saying, Clean Water and Water security is the key for India to become a USD 5 trillion economy, Narayana told that the Indian water and sanitation market opportunity which was pegged at USD 297 billion is highly unorganized and the need of the hour is a comprehensive 360 degrees approach towards water management as a blend of green & sustainable treatment technologies.
Speaking on the occasion Dr. Subramanya Kusnur, Founder Chairman and CEO AquaKraft Group Ventures said, AQVERIUM intends to function as a Centre for Innovation, Sustainability and Social Entrepreneurship proposed as Digital University to train over 10 Lakh youth in Water, Sanitation, Hydrogeological Sciences & Data Sciences. He added, the company offers Unique Social Franchising Model to create Water Entrepreneurs with an objective to make India ‘Water +ve’ by 2030.
Vinay Rao, Co-Founder, AquaKraft Digital Ventures Pvt. Ltd. Said, “AQVERIUM endeavours to account for every drop of water and will offer Corporates, Communities, Panchayats a fiduciary & digital framework to generate a Water balance sheet. It will also offer a comprehensive digital solution to farmers empowering them with accurate information regarding rainfall, water table, and water rejuvenation.”
“One of the key focus areas of AQVERIUM is going to be schools & colleges to inculcate the sense of effective Water Management & fiduciary framework of accounting among students,” told C Sridhar, Director AquaKraft Group Ventures.
