India, Aug. 15 -- India's water and wastewater treatment market is situated at the nexus of increasing industrial water reuse mandates, municipal infrastructure spending, and stricter environmental regulations, especially with regard to zero liquid discharge standards for pollution-heavy industries.

The addressable market is growing beyond traditional municipal and industrial water treatment due to the global demand for ultrapure water from semiconductor factories and data centres, as well as new lithium and PFAS treatment needs. However, these newer categories are still in their infancy and have uneven regulations across different regions.

Ion Exchange (India) Ltd, a 62-year-old player in water and environment management, closed on F...