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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.

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.”

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