NaanDanJain’s Irrigation Technology Strengthens Ties Between India and Israel
Leigh Cuen | | Comment | Email this
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Last week Kibbutz Naan sold 50 percent of its stake in the irrigation technology company NaanDanJain Irrigation Ltd. to its Indian business partner, Jain Irrigation Systems Ltd. Representatives from both groups met in Tel Aviv for the Agritech 2012 Conference and Exhibition in Israel. The joint company currently employs 120 workers at Kibbutz Naan. Jain director, Amnon Ofen, said that the company’s operations in Israel would “not be effected” by the transfer. The deal has an estimated value of around $35 million USD.
This move comes as part of a larger movement to bolster relations, particularly in agricultural and environmental fields, between Israel and India.
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