In India, Jain Irrigation System’s micro-irrigation reduces the need for water and fertilizer on plantations. The company aims to increase its production capacity and finance loans to the farmers it works with.
Jain Irrigation System is a major international supplier of local irrigation systems (drip feed irrigation and pivot sprinkler irrigation). It is also one of India’s main manufacturers of plastic pipes and sheets, dehydrated onions and mango concentrate.
Proparco’s loan will support Jain Irrigation System’s investment program. Indeed, the company plans to increase its production capacity and finance a financial institution, which will allocate loans to its farmer clients.
By contributing to the development of micro-irrigation in India, the project will improve the environmental footprint of agribusiness activities. Indeed, micro-irrigation systems considerably reduce water consumption and fertilizer use. This project will also contribute to increasing farmers’ incomes, as micro-irrigation increases yields for the main crops grown in India.