India To Help Azerbaijan In Smart Waste Management
Last updated on January 1st, 2022 at 02:07 pm
India -A major Indian player in chemical distribution, Chennai’s Ram Charan is now going to supply waste management units in Azerbaijan. The research-based company also manages end of life chemicals and will be supplying these to Kafkans Finanz LLC.
This shows the growing seriousness with which India intends to build relations with Azerbaijan, which is also a point of power for Russia. The agreement between the Indian company and Kafkans is said to be valued at $ 700 million and will see the supply and setting up of waste management units from December 2022, in the industrial areas around Baku in Azerbaijan.
India’s relations with Azerbaijan have been growing stronger due to the Zangezur corridor as well. As it opens vistas for Azerbaijan, the corridor will connect Turkey with Central Asia bypassing Iran. With its equally good relations with Azerbaijan and Armenia, India would like to use this windfall peace dividend in rebooting her Eurasia outlook.
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Industrial trade therefore only makes more sense now, than ever before.
Azerbaijan’s most developed industrial areas will receive these units from Ram Charan who will build, operate and transfer then to help manage industrial effluents and bring back a significant amount of energy to these industrial areas. Initially, once installed, these units will have the capacity to generate upto 200 mw of power. As the local partner, Kafkans brings with it the support through its experience in logistics, infrastructure, and imports to Azerbaijan. In April, the Environmental Department of the State Oil Company of Azerbaijan, SOCAR, had announced that it was holding a public auction for industrial waste management and recycling. The State Oil Company had announced it needed safe, sustainable, and economic industrial waste management and recycling at the earliest.
