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India losing 80 billion in business because of water shortages

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posted on May, 4 2013 @ 10:43 PM
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Well, our second most overpopulated country is losing tens of billions of dollars because they don't have enough water for industry and supporting 1.2 billion people. This should be a lesson to everyone of what happens when you don't curb population growth.

www.bloomberg.com...

Tata Faces Crisis as $20 Billion Spent on Water: Corporate India

India, the world’s second-most populous nation, is doubling spending on water management to a record as conglomerates from the Tatas to Adani face shortages that the United Nations calls an impending crisis.

The federal and state governments have set aside 1.1 trillion rupees ($20 billion) for sewage treatment, irrigation and recycling for the five-year period ending March 2017, G. Mohan Kumar, special secretary in the Ministry of Water Resources, said in an interview. The nation with 1.2 billion people, which treats only 20 percent of its sewage, is pouring more money as inadequate clean water is threatening to stunt growth in industrial and farm output.

Disputes with farmers demanding rights to their irrigated land have stalled about $80 billion of investment by companies including Posco (005490) and ArcelorMittal (MT) as Prime Minister Manmohan Singh seeks to revive an economy growing at the slowest pace in a decade. Tata Steel Ltd. (TATA), India’s biggest maker of the alloy, is setting annual targets to cut water usage as two-thirds of the country faces a scarcity




posted on May, 4 2013 @ 10:55 PM
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Glad we have a water well on our property. Wars will soon be fought over water.



posted on May, 5 2013 @ 01:33 AM
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Originally posted by solarstorm
Glad we have a water well on our property. Wars will soon be fought over water.


That's just totally ridiculous. All governments need to do is invest in water resources such as desalination plants, water treatment plants, and new technologies coming out such as graphene that is able to filter out impurities in water including salt. All they need is a thin membrane of graphene which leaks H2O but blocks other impurities like salt.

I think they'd find that the cost of those things compared to the cost of going to war would be minuscule in nature.



posted on May, 5 2013 @ 07:26 AM
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We are so lucky to have enough clean water to use everyday. But sometimes we take this for granted and don't know how to value water. I feel ashamed when reading this.



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