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News @ Jains - Jain Irrigation bags Rs. 778 million World Bank Order

Highlights :

• World Bank Project valued at Rs 778 mn
• Area Covered 22,345 ha
• TN Agricultural University involved in implementation

June 5, 2009 : Jain Irrigation, the irrigation major has bagged the prestigious TN-IAMWARM order of World Bank, valued at Rs. 778 mn 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, covering 63 river sub basins, has been initiated in Tamil Nadu, of which, 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 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, Jains 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 Jains 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.

JISL 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 -
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.

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