November 06th, 2023, Mumbai: Montgomery County, Maryland, USA today signed a memorandum of understanding with AqVerium – the World’s 1st Digital Water Bank to provide international soft-landing support for AqVerium to expand their operations in the U.S. The MoU was signed during a reception hosted in honour of a business delegation from Montgomery County and the launch of the US India SME Council, Mumbai Chapter.
Montgomery County Maryland, USA is a top Biotech & Advanced Tech Cluster in the U.S. The county is the #3 Biotech hub and life sciences talent pool in the U.S. and the #4 tech talent pool in the U.S. supporting a wide range of tech-enabled businesses.
AqVerium-World’s 1st Digital Water Bank is a water tech innovation of AquaKraft Group Ventures. AqVerium is an online platform or system that manages and tracks water rights, allocations, use and efficiency. The robust design is aimed to help governments, water agencies, and stakeholders in the management of water resources.
AqVerium aims to improve the sustainable and equitable use of water resources by making data and transactions more transparent and accessible. It will play a crucial role in addressing water scarcity and ensuring responsible water management incentivising good behaviour with AquaKredits – Water Credits & Water Sustainability Score – a measure of branding sustainability.
Speaking on the occasion Hon’ble March Elrich, County Executive, Montgomery County, MD, USA said “I am very excited to welcome AqVerium to Montgomery County, Maryland. Their focus on leveraging innovative technology to foster sustainability for businesses and residents worldwide is aligned with our goals in the County. I look forward to our partnership.”
The MoU was signed in the presence of Hon’ble Principal Commercial Officer John McCadams, US Consulate Mumbai, dignitaries and delegates from Montgomery County and leadership of the US India SME Council.
“It is a matter of great privilege and honour for us to sign the MoU with Montgomery County marking our foray into International markets. This is a strong testament to the county’s commitment to climate action in general and water stewardship in particular. Our main objective is to enable the water circular economy encompassing the comprehensive water lifecycle from harvesting to monetisation.
On behalf of Team AqVerium, I wish to express my sincere gratitude to Hon’ble Marc Elrich for this opportunity and are confident that we will not only address the US markets but build a global water stewardship platform.” said Dr. Subramanya Kusnur, Founder of AqVerium.