AquaKraft launches country’s first digital water bank

NT Correspondent

The country’s first digital water bank Aqverium, formed by AquaKraft Group Ventures, a next-generation sustainability and impact enterprise, which focuses on providing clean drinking water and sanitation. The innovative system was launched here on Monday.

While doing the launch honours of Aqverium, Minister for IT/BT and S&T Dr CN Ashwatha Narayana, said, “This is a very unique innovation combining sustainable and green technologies along with information technology, skill development and entrepreneurship. The start-up has a holistic approach towards finding a much-needed solution to a crisis that not only we here in India but people the world over are staring at.”

Saying that clean water and its security is key for India to become a $5 trillion economy, Narayana revealed that the Indian water and sanitation market opportunity, which is pegged at $297 billion, is highly unorganised sector. “The need of the hour is a comprehensive 360-degree approach to water management as a blend of green and sustainable treatment technologies,” he added. Speaking on the occasion Dr Subramanya Kusnur, founder, chairman and CEO of AquaKraft Group Ventures, said, “Aqverium intends to function as a centre for innovation, sustainability and social entrepreneurship proposed as a digital university to train over 10 lakh youth in water, sanitation, hydrogeological sciences and data sciences. The company offers a unique social franchising model to create water entrepreneurs with the objective to make India water +ve by 2030.”

Vinay Rao, co-founder of AquaKraft Digital Ventures Pvt Ltd, said, “Aqverium endeavours to account for every drop of water and will offer corporates, communities and panchayats a fiduciary and digital framework to generate a water balance sheet. It will also offer a comprehensive digital solution to farmers, empowering them with accurate information regarding rainfall, water table, and water rejuvenation.”

“One of the key focus areas of Aqverium is going to be schools and colleges to inculcate the sense of effective water management and fiduciary framework of accounting among students,” added C Sridhar, director of AquaKraft Group Ventures.