Jain Irrigation plans new plants in TN, north India

Jain Irrigation would invest around Rs 40-50 crore to set up a pipes and drip irrigation manufacturing facility in Tamil Nadu and another in North India in the next six months.

The facility in TN would entail an investment of around Rs 20 crore and will come up shortly while the one to be set up in North India would take shape in about six months' time, Jain Irrigation's Managing Director Anil Jain told PTI here.

"This will help us to not only increase our capacity but also extend our footprint nationally," Jain said.

The Maharashtra-based Jain Irrigation had recently set up one such facility in Hyderabad at an investment of Rs 30 crore.

The Rs 1,300-crore Jain group, which is also engaged in food and fruits processing, plans to set up a processing plant in North India within the next 6-9 months.

"We plan to set up a plant in the agri-belt of North India. We will be identifying the location soon," Jain said.

The company already has two processing plants in Jalgaon in Maharashtra and in Chittoor in Andhra Pradesh.

The processing unit is estimated to entail an investment of around Rs 30-40 crore and is likely to be set up in either Punjab, Haryana or Uttaranchal.

Jain Irrigation's future strategy will be to continue its focus on its core businesses of drip irrigation and food and fruits processing.