WASHINGTON (June 4, 1:20 p.m. ET) — Jain Irrigation Systems Ltd. has committed an investment of $375 million over the next few years to build sustainable agriculture and to improve income of small farmers in sub-Saharan Africa.
Jalgaon, India-based Jain Irrigation pioneered drip irrigation tubing for small farmers in India. The company announced at a recent symposium in Washington that it will partner with African nations including Kenya, Rwanda, Ethiopia, Mozambique, Tanzania, Ghana, Cote d'lvoire and Nigeria to invest in the supplying irrigation systems for small farmers in the region.
The move directly impact more than 250,000 farmer families, according to Jain.
In other news, Jain said it plans to sell water valves and fittings from Rodgau, Germany-based Talis Management Holdings GmbH.
The deal will add Talis products including hydraulic control valves, butterfly valves, gate valves and fittings to its micro irrigation product line. The companies announced the deal May 15.