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India: Arad and Actaris Win Massive Water Meter Tender
Publish Date : 13-Jan-2010
Mumbai, India is taking steps to improving its municipal water use by ordering a massive stock of water meters from the Israeli company Arad Technologies (the same company developing the fly-by drone plane that reads meters), and the French water company Actaris Metering Systems. Based on the new tender, the companies are considering moving some of their production to India.
To start, the recent and immediate tender deal calls for a $32 million order of 300,000 meters, and web-based water meter reader Arad, and Actaris, will split the revenues. The Israeli Export Institute says that a total of 1.2 million meters are called for in Mumbai, totalling $128 million, tenders that both Arad and Actaris are expected to win, due to logistic difficulties in coordinating different systems in one city.
