Quite literally, in this case.
Over the last five years, Indian farmers have joined hands with Israeli agribusiness to produce a crop that the majority on the subcontinent have only seen in books and films: The project started out as a joint venture between Israeli firm Indolive and the agricultural board representing the Indian state of Rajasthan, a desert state on the Finolex drip irrigation dealers in bangalore dating border.
An Indian private company, Finolex Plasson Industries Ltd, joined the business alliance in through its subsidiary Plastro Plasson, drumming up greater investment for the enterprise.
The idea of including a private sector company in the deal particularly appealed to the Israeli investor, given the complexities of engaging with Indian bureaucracy.
Since Plastro Plasson was already in the drip irrigation business, they were a natural fit for the project.
Ghatpande says the scale of investment in India is relatively large, even though olives are hardly a staple crop in India. While the venture began as a pilot experiment, it has now developed into a system of organized cultivation across six regions in Rajasthan.
Ghatpande forecasts a hectare yield from the current harvest. From water shortages in the arid western desert and input resource bottlenecks to the paucity of skilled labor, the project has repeatedly hit stumbling blocks. Also, despite initial investment, projects such as these are often sidelined by the government as they do not represent mainstream economic activity, he adds.
This ties up with the overall state of agriculture in India, where the government sees more bang for their buck in the manufacturing and services sectors, which deliver swifter and larger returns. Given that most of the olive crop is for exporting, farmers see this venture as lucrative in the long term.
The government, however, sees value in keeping some proportion of the fruit and pressing it locally within India. This means we can now press the oil in India. And while the import of olive oil has increased to eleven thousand metric tons over the last five years, Verma says this number could fall once olives are pressed locally. He also forecasts harvests will soon hit hectare yields in the next three or four years. The olive experiment, if anything, points to a larger development in business ties between India and Israel.
The latter see India, an emerging economic powerhouse, as a great global market for technology transfers and trade. The growth in technology exports from Israel to India explains why the Israeli embassy was keen to set up shop in Bangalore, a southern Indian city known for its high-profile IT companies.
The consulate in Bangalore, which was formally inaugurated on May 20is the third one in India. Only Finolex drip irrigation dealers in bangalore dating other countries in the world have over three Israeli missions, Ambassador Alon Ushpiz mentioned at the inauguration "Finolex drip irrigation dealers in bangalore dating." He added that it is the growth in small and medium businesses in both countries that drives successful entrepreneurship and innovation.