In FY15
Jain Irrigation Systems announced that the available subsidy for micro irrigation is more in FY15 Budget compared to FY14 spend. The direct amount available for micro irrigation subsidy is at Rs 1569 crore, which is about 21% higher that Rs 1300 crore spent in FY14. The Company reiterated that adequate funds are available from Central & State Governments to support high growth rates in revenue and the Company looks forward to strong FY15 for its micro irrigation division. Overall, FY15 budget has been positive for other divisions of the Company including pipes, agro processing and solar pump division.Powered by Capital Market - Live News