Wednesday, April 24th | 16 Nisan 5784

Subscribe
March 12, 2019 10:18 am
0

Drip Irrigation Company Netafim Wins $100 Million Irrigation Contract in India

× [contact-form-7 404 "Not Found"]

avatar by Navit Zomer / CTech

Israeli drip irrigation technology. Photo: Wikimedia Commons.

CTech – Israel-based drip-irrigation company Netafim announced Monday it has secured a $100 million irrigation contract in India. Considered a pioneer in smart irrigation, Netafim will install precision irrigation systems in 100 villages across India as part of four large community irrigation projects.

Netafim was founded in southern Israeli Kibbutz Hatzerim in 1965. The company has made a name for itself developing water-efficient irrigation systems that deliver water directly to the plant instead of the soil. Today, Netafim employs over 4,500 people in 17 manufacturing plants and operates in over 110 markets through 29 subsidiaries. Netafim itself is a subsidiary of Mexico-based pipes and chemicals company Mexichem SAB de CV, which bought an 80 percent stake in the company in February 2018 at a $1.9 billion company valuation.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

Algemeiner.com

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.