Founding members of the CEWA include the leaders of Tata Steel, Cargill India Pvt.
Water scarcity is impacting several countries across the globe today.
It is estimated that $114 billion in annual sustainable water management investments are needed over the next 15 years to ensure availability of this finite resource.
USISPF member companies created the CEWA initiative to work toward these goals and align with the work with the Government of India to establish an effective policy framework that will ensure a sustainable water future for India.
And industry needs to be a partner to the government on this.
He further added, "The recent spill of molasses from a sugar mill into the Beas River in Punjab had a devastating impact on the surrounding ecosystem and affected drinking water in neighbouring districts.
CEWA will work towards preventing incidents that have a detrimental impact on the environment by promoting best practices within and around industrial corridors.
By adopting best practices, leveraging cutting-edge technologies, and utilizing the power of digital and data, Indian Industry can reduce their water usage by over 20%, enough to satisfy the drinking water needs of all Indians for a year.
We want CEWA to be the catalyst for such an effort."
The formation of this CEWA initiative is an outcome of the CEO roundtable event in November 2017, hosted by the U.S. Embassy and Nalco Water, an Ecolab company to promote the importance of water for business continuity, the exchange of best practices and technologies for smart water management.