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Stocks B / Berkshire Hathaway
|Subject: Re: OT: Global Water shortage.||Date: 4/21/2013 8:00 PM|
|Author: putnid||Number: 201107 of 217128|
By coincidence, Bloomberg just posted this article regarding water issues in 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.
India has 18 percent of the world’s population and four percent of the globe’s water resources,
India’s demand for clean water by 2030 may exceed supply by 50 percent while pollution is making what’s available unfit for human consumption, industrial or farm use, according to McKinsey & Co. forecasts and a government report.
Jim Rogers, the investor who foresaw the start of a commodity rally in 1999, said he is “extremely optimistic” about investing in water amid scarce supply in countries from India to the U.S.
“If you can find ways to invest in water, you will be extremely rich because we do have a serious water problem in many parts of the world like India, China, the southwestern part of the U.S., and west of the Red Sea,” Rogers, chairman of Rogers Holdings, told reporters in Singapore on April 15.
The S&P Global Water Index of 50 companies has surged 162 percent since Nov. 30, 2001, when Bloomberg began compiling the measure. In comparison, the S&P Global Oil Index has risen 135 percent in the same period and the S&P/TSX Global Gold Sector Index (SPTSGD) has climbed 37 percent.
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