MUMBAI, India, Nov. 10 /PRNewswire/ -- Frost & Sullivan felicitated Doshion Limited with the 2009 Brand Development Strategy Leadership Award in the Indian Water and Wastewater Treatment Equipment Market. The award was presented for the company having demonstrated excellence in brand development by perceiving customer needs and developing marketing strategies. These strategies led to phenomenal growth and improved its position in the Indian Water and Wastewater Treatment Equipment Market.
The recipient of this award is chosen on the basis of certain criteria. Through primary and secondary research methods, all companies' market revenues are tracked, and the company exhibiting improved market penetration and market share growth along with an increase in customer loyalty through its unique brand development strategies is considered as a candidate for this award.
On receiving this award, Mr. Ashit Doshi, Managing Director - Doshion Limited said, "The Frost & Sullivan Award recognizes Doshion's contribution towards its social responsibility of protecting the environment and in its continuous efforts in the water management industry. We are delighted to have made this achievement and this poses a challenge to continue our position as a 'the preferred brand.' We were able to achieve this with a clear focus on customer satisfaction and our path breaking services for customers seeking water management."
Mr. Y. S. Shashidhar, Vice President and Country Director, South Asia-Middle East and North Africa, Frost & Sullivan, said, "The award conferred on Doshion Limited is in recognition of its extensive brand development efforts in a tightly contested water and wastewater market. I am extremely pleased with the growth of Doshion from an INR 35 Crore company in 2004, to a company aiming to touch INR 1000 crores by 2010. The customer loyalty achieved through understanding their needs and delivering cost effective solutions has enhanced its brand within the industry."
The water and wastewater treatment equipment market in India is valued at INR 54,000 million. The robust domestic demand driving up industrial growth as well as increased water consumption and effluent generation by industries is unveiling immense opportunities for water and wastewater treatment equipment. The market is estimated to witness a compound annual growth rate (CAGR) of 13 percent annually over the next 5 years.
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