The Israel-based Netafim group, a world leader in the field of micro-irrigation products and solutions, is all set to convert its Indian joint venture company into a wholly-owned subsidiary. For this, the company has received the go-ahead from the Foreign Investment Promotion Board (FIPB) to buy out its Indian partners - Excel Industries Ltd and Jalbindu Agritech - in the company's joint venture subsidiary, Netafim Irrigation India Pvt Ltd, for a consideration of around Rs 2 crore.