IFC to back Jain Irrigation's $50-million capital expenditure plan

The World Bank's investment arm has proposed to invest an equivalent of up to $40 million in rupee-denominated debt to part-finance JISL's capex

International Finance Corporation (IFC) is planning to back the $50-million capital expenditure plan of Jain Irrigation Systems Limited (JISL), an integrated agribusiness player. IFC has proposed to invest an equivalent of up to $40 million in rupee-denominated debt to part-finance JISL’s capex.

JISL is one of India’s largest integrated agribusiness players, with operations in Micro Irrigation Systems (MIS), plastic pipes and sheets, dehydrated vegetables, processed fruits and other smaller businesses, including tissue culture, agri-tech solutions and green energy. Headquartered in Maharashtra, JISL is India’s leader in MIS and the second-largest globally; it is also the largest manufacturer of plastic