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DCM Shriram signs MoU with Rabobank & Rivulis
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SME Times News Bureau | 11 Feb, 2020
To provide further fillip to the
water conservation measures being undertaken by DCM Shriram Ltd. under
the aegis of its Sustainable Sugarcane Production Program, the company
on Tuesday announced signing of the MoU with Rabobank and Rivulis
Irrigation India Pvt Ltd.
The objective of the MoU is to achieve
its goal towards Water Conservation through drip irrigation thereby
increasing productivity which would lead to increase in farmer's income.
The
proposed installation of the drip irrigation systems will cover an area
of 5,000 acres in all four units of DCM Shriram Ltd. in all four units
of DCM Shriram Ltd i.e. Ajbapur, Rupapur, Hariawan and Loni in Lakhimpur
and Hardoi districts of Uttar Pradesh.
Speaking at the MoU
ceremony, Roshan Lal Tamak, ED & CEO - Sugar Business, DCM Shriram
Ltd. said: "The project is being taken up with an aim to increase the
yield while conserving water in cultivation of sugarcane. With this
project, the cost of cultivation of sugarcane will be reduced along with
conservation of water and fertigation thereby increasing the income of
the farmers and also reducing the cost of Production."
The Indian
Institute of Sugarcane Research, Lucknow which is an apex organisation
of sugarcane Research in the country, has assessed and certified that
due to various agricultural practices and water conservation measures
adopted by DCM Shriram sugar factories in its catchment areas in Hardoi
& Lakhimpur Kheri districts, there has been an water use avoidance
of 275 billion litres of water during last three years.
AThe Rs
7,700 crore DCM Shriram Ltd. is a leading business conglomerate with a
portfolio of businesses including Agri-Rural, Chlor-Vinly and Value
added business which include Fenesta Building Systems.
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