Agriculture Sector

Jain Irrigation to invest Rs 350 crore in FY09

Jain Irrigation to invest Rs 350 crore in FY09Jain Irrigation Systems, the agri-irrigation leader, has decided to invest Rs 350 crore in the next fiscal, to increase pipe manufacturing and irrigation systems capacity besides exploring new opportunities in the North. 

Recently, World Bank has sanctioned loan worth $60 million after considering the environment-friendly projects the company undertakes. The company plans to raise remaining fund through internal accruals and term loans from banks at reasonable rates. 

Jain Irrigation plans to setup a manufacturing hub in Tamil Nadu

Jain Irrigation plans to setup a manufacturing hub in Tamil NaduJain Irrigation, one of the largest micro-irrigation systems manufacturers in the world, plans to establish a manufacturing hub for micro-irrigation systems, PVC Pipes and fruit processing in Tamil Nadu to cater to the Southern States and the export market.

The company has pumped over Rs 65 crore at the facility and plans to invest over Rs 100 crore, which would include facilities to expand production of drip irrigation
equipment and fruit processing facilities.

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