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For exports, Jain Irrigation’s food processing division bags 3rd award
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Saturday, 20 December, 2014, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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fiogf49gjkf0d The food processing division of Jain Irrigation Systems bagged its third consecutive Golden Trophy for being India’s top exporter in the years from the Agriculture and Processed Food Products Exports Development Authority (APEDA).
Jain Irrigation is one of the country’s largest onion and vegetable processors, and the world’s second largest with three manufacturing units – two in India and one in the United States.
It is one of India’s largest fruit processors and one of the world’s leading mango processors, with three manufacturing facilities in India.
Jain Irrigation has a business model, with a complete agri value chain which adds value to the farmers’ produce for export and local markets.
The company works with more than 10,000 small and marginal farmers to grow special varieties of onions, bananas, mangoes and other fruit and vegetable crops for processing by providing high-yielding planting material, technical support and irrigation systems, and buys back the produce at the minimum assured price or the market price, whichever is higher.
Jain Irrigation supplies processed fruit and vegetables under the brand name FarmFresh to renowned companies, including the Coca-Cola Company, Nestle, Premier Foods, Unilever and Almarai.
Its food processing business has grown at a compound annual growth rate (CAGR) of 15 per cent in the last five years, and is targeted to grow to Rs 900 crore this year, with exports pegged at Rs 600 crore.
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