Mumbai, June 09, 2008: Jain Irrigation Systems Ltd. (JISL) today was honored with the Dun & Bradstreet (D&B) - Export Credit Guarantee Corporation of India Ltd (ECGC) Indian Exporters� Excellence Award in the Food & Agro Products sector. This is under the large exporters� category.

The Khandesh, Jalgaon (Maharashtra) agro-irrigation major Jain Irrigation’s product portfolio encompasses Irrigation Products, Piping Products, Plastic Sheets, Dehydrated Foods, Fruit Puree, Pulp & Juices in India and other world markets. JISL has been among the leading exporters in India. Jain Irrigation is the largest processor of Fruits and Vegetables in India including India’s largest Mango Pulp Processor. They are also the world’s 2nd largest drip irrigation company and Indias only one-stop high-tech integrated agricultural organization.

For JISL Out of total sales of Rs. 858 crores in 2005 � 2006, exports constituted Rs. 290 crores. Exports contributed almost 34% to their total sales. Exports have formed a significant part of JISL� and has seen significant rise in its exports over the years. From a worthy 15% in 2001 � 2002, they have grown significantly to contribute more than 30% of the total revenues for JISL. JISL�s products are exported to US, Europe, Middle East, Australia. The Companys customers included some of the top MNCs like Coco-cola, Pepsi, Nestle, Gilroy Foods etc.

Jain Irrigation closed year 2007 � 2008 with total sales of Rs. 1668 crores out of which exports contributed Rs. 453 crores � a good 33%.

Speaking on winning the award, Mr. Ajit Jain, Joint Managing Director, Jain Irrigation Systems Ltd. said, �We are delighted to receive this award. JISL is the largest processor of Fruits & Vegetables in India and this award recognizes our contribution to Indian exports. Exports contribute a significant 30% of the total revenues of JISL�.

Speaking on the occasion, Dr. Manoj Vaish, President & CEO � India, Dun & Bradstreet said, �India has emerged as one of the fastest growing economies in the world with an average GDP growth rate of around 9% over the past three years. The Government of India has continuously emphasized the role of exports in order to achieve a sustained growth rate. Exporters form a valuable segment of the Indian business community enhancing our visibility on the global economic platform and the world trade stage, thereby acting as ambassadors for India. The international market within which exporters operate has assumed new complexities which bring many challenges for the exporting community. D&B has partnered with ECGC for over a decade, serving the Indian exporter community, supporting them in their endeavors and partnering with them at every stage. It was only natural then that we partner with ECGC in this endeavour of recognizing and applauding the achievements of the Indian exporter community.�

Chief Guest at the awards ceremony, Shri G K Pillai, IAS, Secretary, Department of Commerce, Ministry of Commerce & Industry, Government of India said, “These awards and the publication are a tribute to the resilience that Indian exporters have displayed in the last few years. It is through the efforts of exporters that the brand ‘Made in India’ is popularized all over the world. The functional changes brought about on account of globalization and liberalisation in the past few years have changed the fundamental dynamics of the international business. In that context, we need to congratulate the Indian exporting community which had adapted admirably to the challenges posed due to the changes in the international trade. It gives us pleasure to see that ECGC, as a national institution has joined in this effort and has enabled one more way of appreciating good export performers.”

Shri A V Muralidharan, Chairman cum Managing Director, Export Credit Guarantee Corporation of India Ltd. further added, �Since its inception in 1957, ECGC is committed to promote exports from India. ECGC has a wide range of excellent and cost effective insurance covers both for exporters and banks. ECGC is a leader in the export credit insurance and therefore has taken leadership initiative to confer the awards on the exporters.�

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About Jain Irrigation �Jain Irrigation is a diversified Company with more than 5,000 employees and expected standalone turnover in excess of Rs.1800 crores and a product portfolio encompassing Irrigation Products, Piping Products, Plastic Sheets, Dehydrated Foods, Fruit Puree and Juice concentrates. Jain Irrigation has pioneered drip irrigation for small farmers in India and has a major market share in one of the fastest growing irrigation markets in the world and is also the second largest drip irrigation Company in the world.

About D&B � ECGC Indian Exporters� Excellence Awards : The were conceptualized keeping in mind the growing contribution of exports to the emerging Indian economy. The Awards Event is closely tied to the publication, �India�s Leading Exporters� that features the prominent exporters of today. A total of 10 export-oriented sectors were short-listed for the awards, with a provision for a multi-category sector too. Apart from large exporters, D&B and ECGC recognize the pivotal role of micro, small and medium players too. Hence, one of the unique features of the awards is the sub-division of the exporters in micro, small, medium and large revenue brackets in each sector, to ensure wider coverage and recognition. D&B India reached out to 50000 exporters through individual mailers followed by an intensive tele-calling exercise. Apart from this D&B India also employed various mass-media channels � print and electronic - to reach out to the exporter community. Based on a self nomination process, D&B India received applications from across the country. D&B developed a proprietary financial model for identifying the top companies in each revenue bracket for each sector. The model is based on the premise of recognizing the twin virtues of size and growth related to exports and turnover of companies. D&B identified financial aggregates to fulfill this premise and assigned weights to them. Final ranking of the companies was based on a composite score of these weighted parameters. The five parameters considered in ranking companies included Total Export Revenue, Growth of Export Revenue, Export Revenue Contribution to Total Turnover, Net Profit and Growth in Turnover.

About Dun & Bradstreet (D&B) : Dun & Bradstreet (NYSE:DNB), the world�s leading source of global business information, knowledge and insight, has been enabling companies to Decide with Confidence� for 165 years. D&B�s global commercial database contains more than 100 million business records. The database is enhanced by D&B�s proprietary DUNSRight� Quality Process, which transforms the enormous amount of data collected daily into decision-ready insight. Through the D&B Worldwide Network � an unrivaled alliance of D&B and leading business information providers around the world � customers gain access to the world�s largest and highest quality global commercial business information database. Customers use D&B Risk Management Solutions to mitigate risk, increase cash flow and drive increased profitability, D&B Sales & Marketing Solutions to analyse markets, locate prospects and increase revenue from new and existing customers; D&B Export Marketing Solutions to gain significant insight into overseas markets and increase sales; D&B Financial Education Solutions to facilitate professional growth and excellence among their executives and D&B Economic Analysis Group to derive pragmatic and solution-oriented analyses of strategic economic and business developments, thereby aiding informed decision making.

About Export Credit Guarantee Corporation of India Limited Export Credit Guarantee Corporation of India Limited, was established in the year 1957 by the Government of India to strengthen the export promotion drive by covering the risk of exporting on credit. Being essentially an export promotion organization, it functions under the administrative control of the Ministry of Commerce & Industry, Department of Commerce, Government of India. It is managed by a Board of Directors comprising representatives of the Government, Reserve Bank of India, banking, insurance and exporting community. ECGC is the fifth largest credit insurer of the world in terms of coverage of national exports.