An Indian investor plans to construct a water bottling plant in the remote area of Borgarfjörður eystri, Northeast Iceland. The investor, Pawan Mulkikar, has been planning the project for months, RÚV reports.
He told RÚV by email that he chose Borgarfjörður eystri by chance. When he first arrived there, he had booked a hiking tour in a different area, but that tour was canceled and the travel agency offered him a tour to Borgarfjörður eystri instead. He immediately had a good feeling about the place and quickly made friends there, as well as in Reykjavík.
An internet search of Mulkikar reveals little information about him, other than that he is an architect with connections to four companies in India. Two of them are in the tourism industry, one in printing, and the fourth in entertainment, film, radio and TV. Only one picture of Mulkikar is available online, from the professional social network LinkedIn.
He stated it’s his hope that the investment will be a boost to the community in Borgarfjörður eystri, but didn’t mention how profitable he expected it to be. He is optimistic about being able to obtain all needed permits for the operation. The plant will be up to 2,000 m2 (21,520 ft2).
The company Mulkikar has established around the project is called Vatnworks. One of the members of the local city council is a shareholder in the company. The water bottling plant will be constructed on a lot which is part of the land Geitland.
Mulkikar plans to invest about USD 2 million in the project from 2016 to 2017. He has not revealed to whom he plans to sell the bottled water, which will be exported. Earlier reports had indicated that the water would be sold to fine restaurants and hotels in Asia.