Date:01/03/2006 URL: http://www.thehindubusinessline.com/2006/03/01/stories/2006030100831300.htm

Back Cheer for Jain Irrigation Systems

Latha Venkatraman

Mumbai , Feb. 28

The Union Budget 2006/2007 proposals bring cheer to one company - Jain Irrigation Systems Ltd. Every business that the company is involved in has got some sops in the Finance Bill.

The company is present in drip irrigation, food processing, pipes and plastics. The fact that the company's businesses lie in the core of the rural economy augurs well for its topline and bottomline.

"Our presence is interlinked to where much of India lies," says Mr Anil Jain, Managing Director, Jain Irrigation Systems.

The target of 6,00,000 hectares of irrigation potential is expected to be created this year, the budget speech said.

"Of the 10 million hectares that would be brought under irrigation, a sizeable portion would be for drip irrigation," Mr Jain said.