With fast paced economic growth world over and rapid urbanization rate, water has increasingly gained importance in the global economy. In coming years the degree of importance is set to increase, given robust industrial and infrastructure growth across the globe and more so in developing countries like China and India. The water and waste water sector being an integral part of infrastructure business depicts a huge potential with great promise in lieu of associated long-term and steady cash flows. Also, it is pertinent to note that the sector has witnessed least growth vis-à-vis other sectors which constitute to infrastructure and hence magnanimous scale transformation awaits water and waste water segment.