Ganesh Shankar is the founder of FluxGen technologies that provides IOT enabled water platform for companies to help them reduce their water consumption by up to 30%. FluxGen solutions are used by over 30 corporates including Britannia industries, Titan Jewelry and GKNM hospital, Coimbatore.
Ganesh shares following insights
1. Manufacturing industries are very dependent on water, for example a bar of 100 gm chocolate consumes 10 bathtubs of water
2. True cost of water for industries could be more than the 10 times the price of water, as it includes the cost of electricity, chemicals that are used along with water
3. SEBI now requires top 1000 listed companies to disclose their water usage
Decreasing availability of water and increasing governance on water usage are creating a compelling case for rapid adoption of tech enabled water management solution. Can FluxGen take advantage of this unique market opportunity? Let’s find out.