Reliance Industries is set to make a big splash, this time in water management. The Mukesh Ambani-controlled petrochemicals major has set up a team to spearhead the initiative. Water management has been opened up for private players. Sources close to the development said the company had already informed the Maharashtra government about its plans. However, it would have to wait for some more time to enter Maharashtra till the civic bodies come out with a tender inviting bids for water management. The Reliance move follows the Tata group, which is also in the process of making a big splash in the same business.