Promit Mukherjee

Mumbai: Diversified agri-irrigation company Jain Irrigation will invest Rs 550 crore in Jalgaon district in Maharashtra in two projects under the state government’s mega projects policy.

The company on Thursday signed a memorandum of understanding (MoU) with the state government for the projects, which entail setting up additional production facilities of microirrigation equipment, fruit and vegetable processing, tissue culture and other allied agricultural activities.

The MoU was signed between Anil Jain, managing director, Jain Irrigation and Azeez M Khan, principal secretary (industries).

Bhavarlal Jain, chairman, Jain Irrigation, said the projects are not greenfield ones, but capacity expansions at the company’s existing facility. He said about 700 acres of additional land would be required for the project.

“The state government has promised full support for the project and we are confident that the land required will soon be given to us,” the chairman said.

He said the company is only interested in waste land and not arable land owned by the farming community.

Anil Jain said, “The construction work at the site, where the company has some vacant land, has already been initiated and we hope to complete it in just over two years.

Source : DNA