Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Netafim Signs $60 Million India Deal

netafim

Israel’s Netafim, a leader in irrigation, announced that the company will be marking its 50th anniversary throughout 2015 under the theme “50 Years of Shaping the Future.” The company has also been awarded a $60 million contract in India.

Netafim, through its Indian subsidiary, Netafim JV, was chosen to participate in the world’s largest integrated micro-irrigation project in the country. The value of the deal for Netafim JV was $60 Million, which covers nearly 30, 000 acres of farmland and about 6, 700 farmers located in the South Indian state of Karnataka. The farmers are mostly smallholders from 22 villages, and the project will improve their productivity and livelihood, while saving about 50% in water.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

Netafim India is collaborating with one of South India’s leading infrastructure development companies, M/s Megha Engineering and Infrastructure (MEIL), on the project, which was awarded by Krishna Bhagya Jala Nigam Ltd (KBJNL), a division of Karnataka’s Water Resources Department. The project is anchored by a network of pipelines, rather than by a main canal, distributary or other channel, delivering drip irrigated water to the command area. A true example of how Netafim is shaping the future, the groundbreaking project ensures equal distribution of water to all farmers regardless of proximity to the water source.

“In choosing Netafim as our implementation partner following a transparent selection process, we were impressed with its proven track record in carrying out large-scale micro-irrigation projects in diverse agroclimatic conditions worldwide, ” said Mr. Kapil Mohan, Managing Director of KBJNL. “We’re confident that Netafim’s rich experience and expertise across the globe will help make this challenging project a great success. We expect that the successful completion of the project will set new standards for planning and execution of large-scale micro-irrigation works in India.”

The drip irrigation pioneer and market leader since its founding in 1965, Netafim develops innovative irrigation solutions that have helped farmers worldwide grow more with less for 50 years.

“We’re excited to be participating in the Ramthal project, which sets a new standard for integrated micro-irrigation by improving water use efficiency for smallholders, ” said Ran Maidan, Netafim CEO. “We’ve been leading the way in drip irrigation for 50 years, and by working on significant breakthrough projects like this, we will continue to provide solutions that make a change, and shape the future of agriculture and the world at large.”

Newsletter



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Life-Style Health

Medint’s medical researchers provide data-driven insights to help patients make decisions; It is affordable- hundreds rather than thousands of dollars

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

History & Archeology

A groundbreaking discovery in the Manot Cave in the Western Galilee, Israel has unearthed the earliest evidence in the Levant (and among the world's...