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This is an archive article published on June 9, 2010
Jain Irri gets Israeli 8216;high-fives8217;
Israel awards India's Jain Irrigation for 'impressive' show.
It8217;s like selling snow to an Eskimo! Leading Indian agriculture conglomerate Jain Irrigation Systems Ltd,which has more than 50 per cent stake in Israel8217;s NaanDan Jain Irrigation,has been awarded for its 8220;impressive8221; activities in the country by the Israel-Asia Chamber of Commerce.
The Judgement committee also felicitated Amnon Ofen,Director of NaanDaan Jain Irrigation,with Lifetime achievement award for his break through Israel-India activity.
While felicitating a single company that 8220;excelled8221; in business ties and investment in Israel,the committee 8220;decided grant Jain Irrigation,India,a Special Award for its investment in NaanDan Jain Irrigation and its impressive activity8221; in the country,a statement by the chamber said.
Israel Minister of Industry,Trade and Labour Fuad Ben-Eliezer handed over these awards during the Annual Event of the Israel-Asia Chamber of Commerce.
Since its entry in 2007,Jain Irrigation has invested more than USD 40 million in Israel products,largest investment by any Asian Company and also acquired 50.01 of NaanDan Jain Irrigation.
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