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Veolia operates in India through its subsidiary Veolia Water India Africa , of which it owns 80.5%, the rest being
owned by the French Development Agency (AFD) through its subsidiary Proparco (5.6%) and by the
International Finance Corporation (IFC, World Bank Group, 13.9%).
The French group owns a 51% stake in the consortium, Orange City Water Ltd (OCW) , and is associated with local partners,
including the giant
construction firm Vishvaraj Infrastructure, on which it depends for its...