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projet Jain Irrigation
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.
Client presentation
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.
Project description
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.
Project impact
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.
26/02/2013
Date of signature of the project
India
Location
Financing tool
19 523 624 Euros
Amount of funding
Loan of USD 20m and convertible bonds of USD 5m
Financing details
Jain Irrigation System Ltd
Client