Jain Irrigation Systems of India plans to set up its first factory in Africa by the end of next year as part of an effort to push up annual sales fivefold by 2015. Anil Jain, chief executive, said he was evaluating potential sites in Africa for factories to make specialised systems based on drip irrigation – a type of irrigation equipment of which Jain is the world’s second- biggest supplier.
The idea of the plant would be to produce systems that could be sold around the continent as part of Jain’s plans for a big increase in its sales of $1bn last year. “Africa needs a lot of investment [in drip irrigation] and we are in a good position to supply a lot of the equipment which could help in this,” Mr Jain said.
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