Jain Irrigation Systems Limited thru its multi generation Wholly Owned Subsidiary in United States of America (USA) agreed to acquire 80% stake in 2 US entities. Two of the United States’ largest micro-irrigation dealers - Agri-Valley Irrigation, Inc. (AVI) and Irrigation Design and Construction, Inc. (IDC), have entered into an agreement to merge ownership of their businesses into a newly formed distribution company. The new organization is an un-paralleled leader in design, construction, service, and innovative Ag Technology. This entity will provide a unique platform to help growers implement state-of-the-art irrigation technology and achieve “More Crop Per Drop™”. AVI and IDC have been long tenured stable companies with operations in United States of America.
This is a key strategic investment by Jain Irrigation Systems Limited into one of the largest irrigation markets in the world. Jain Irrigation Systems Limited already has a presence in U.S. micro irrigation market through its wholly owned subsidiary Jain Irrigation, Inc., which is headquartered in Fresno, California. California drought has now eroded with significant rains over the last few months. Therefore, now there is strong irrigation business opportunity in the next 18-24 months for the merged distribution company as well as Jain Irrigation, Inc.
