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| Jain Irrigation bags Rs 778 Million World Bank |
| Announcement / Corporate Jun 05, 2009, 21:54 IST |
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Jain Irrigation, India’s biggest micro irrigation company and agriculture conglomerate, has bagged the prestigious Tamil Nadu - Irrigated Agriculture Modernization and Water bodies Restoration and Management (TN?IAMWARM) order of World Bank, valued at Rs 778 mn and covering 22,345 Ha, to be executed during this year.
The World Bank?aided Irrigated Agriculture Modernization and Water bodies Restoration and Management (IAMWARM) project covers 63 river sub basins and has been initiated in Tamil Nadu. In the first and second phase 25 sub basins will be covered.
The contract for supply and installation of drip and sprinkler irrigation system in over 22,345 Ha and benefiting about 15,000 farmers in the 25 sub basins has been awarded to Jain Irrigation through a completive evaluation process.
In addition to supply and servicing of Drip and Sprinkler irrigation systems, Jain Irrigation will be involved in promoting crop diversification and enhancing farm incomes through value?chain building in specific crops. Being the world leaders in irrigation and having developed several value chains and backward integration in agri?business all over the world, it augurs well for Jain Irrigation to be associated with World Bank in such a path?breaking venture.
The project is being implemented by the State Agricultural Engineering Department and Tamil Nadu Agricultural University and is expected to be completed within this year.
Jain Irrigation Systems Limited would like to utilize the opportunity offered to demonstrate the state of art agro technology and its impact on agriculture productivity in a state like Tamil Nadu thereby setting a model for the country. The opportunity will also be used to step up capacity building in all aspects of hi tech agriculture. The R & D farm in over 1200 acres at Udumalpet in Tamil Nadu owned by Jain Irrigation Systems Limited will be extensively utilized for the purpose.
About Jain Irrigation Systems Ltd
Jain Irrigation is a diversified Company with more than 5,000 employees and a product portfolio encompassing Irrigation Products, Piping Products, Plastic Sheets, Dehydrated Foods, Fruit Puree and Juice concentrates. Jain Irrigation has pioneered drip irrigation for small farmers in India and has a major market share in one of the fastest growing irrigation markets in the world and is also the second largest drip irrigation Company in the world. For more details on Jain Irrigation please visit www.jains.com
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