Excellent article which I want to read, but don't have time right now.
Water - India needs massive investments
http://www.indiastockmarket.com/IiI/News/080706.asp
Btw, this had a link to this
http://investorideas.com/
might or might not be worth checking
also: Investing in India Blog: http://investinginindianews.blogspot.com/
[Technorati: investment in India, water market]
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