devinitorg/iati-policy-markers huggingface dataset:
ICICI Bank UT2 The proposed project consists of a 15-year subordinated debt issue of up to $150 million to ICICI Bank Ltd. (ICICI Bank or the Bank), Indias largest private commercial bank with a market share of approximately 7.5% in terms of total assets.  The project will support the Banks capital requirements to finance growth, especially in key areas such as rural banking and microfinance, insurance and international banking, as well as to meet the requirements of Basle II.    The proposed investment, which qualifies as Upper Tier II Capital (UT2), will be structured as per the guidelines recently issued by the Reserve Bank of India (RBI) permitting banks to raise subordinated debt in foreign currency from foreign investors.  ICICI Bank is a domestic AAA rated institution, which was incorporated in 1994 as a subsidiary of ICICI Limited. ICICI Limited was a development finance institution formed in 1955 at the initiative of the World Bank, the government of India and Indian industry representatives. ICICI Bank and ICICI Limited merged in 2002 to create to Indias largest private commercial bank. ICICI Bank is listed on the Mumbai and National Stock Exchanges as well as the NYSE.  It has built up a formidable brand name and consumer banking franchise with a leadership position across the full range of consumer finance products.  On March 31, 2006, the Bank had total assets of $56 billion and a net worth of approximately $5 billion. ICICI Bank provides a diversified range of financial services through its subsidiaries in life and general insurance, asset management, venture capital, and investment banking.  Although ICICI Bank has been able to raise about $215 million equivalent UT2 in the domestic bond market in July 2006, it has approached IFC for an additional investment as it is desirous of diversifying its funding sources and investor base.  This investment provides a window of opportunity for IFC to play a key role in promoting new, innovative banking products in India, and in developing the subordinated debt market. The project is expected to have strong development impact by:    - Demonstration effect:  The proposed investment will have a strong demonstration effect in promoting new, innovative capital instruments such as UT2 and stimulating investor demand for the product.   - Strengthening the presence of the private sector banks in India:     The government-owned banks still dominate the banking industry, but ICICI Bank and a few other large private sector banks are poised to take the lead in Indias banking industry. The project will support the long-term growth strategy of ICICI Bank enabling it to consolidate its leadership position among Indian banks.   - Impact on Underserved Sectors:   The project will support ICICI Bank in becoming a forerunner among private banks to help improve access to finance for underserved markets i.e. rural banking and MSMEs.
SEWA Project The project is focused on partnering with SEWA for the distribution of up to 200,000 energy efficient cookstoves and solar lanterns to SEWA members in India (primarily in Gujarat and Rajasthan) over a three year period. SEWA members are typically poor women, mostly in the informal sector, working in livelihood supporting activities. Affordable loans will be provided to SEWA members to finance the purchase of the equipment. IFC and FMO will guarantee a loan from local banks to SEWA members.

The project is the result of the two year effort by the Tallberg Foundation, in partnership with YES Inc, undertaken as part of the build up for the 5th Global YES Summit  Rework the World. The project will bring together on a single platform, leading institutions such as Tallberg Foundation, YES Inc, IFC and FMO who will partner with SEWA on various aspects of the project in order to create a replicable and self-sustaining business model for financing green energy solutions for the poor. 1.	Demonstration effect: Successful execution of this project will send a strong signal to the market that clean energy projects at the Base of the Pyramid are sustainable and can be commercially supported through collaboration with reputed institutions like SEWA who have a strong rural outreach.
2.	Increased household incomes: Usage of energy efficient cookstoves and solar lanterns will increase household incomes by reducing expenses on firewood, kerosene and electricity and increasing availability of time for wage-earning activities.
3.	Greenhouse Gases (GHGs) savings: The potential reduction in GHGs is estimated to be approximately 1 million tons of carbon dioxide equivalents over the life of the project.
4.	Improved healthcare: Efficient cookstoves can reduce the risk of respiratory and other diseases amongst women and children.
5.	 Job Creation: The project envisages facilitating creation of micro-entrepreneurs and micro-franchisees involved in distribution and servicing of equipment.
Phi Capital IFC proposes an equity investment of up to US$20 million, not exceeding 20% of the total commitment, in PCGF 1.6 GIFT City Fund (Fund II or the Fund), a private equity (PE) fund focused on providing growth capital to small and mid-market companies across (i) consumer; (ii) manufacturing; (iii) financial services; (iv) healthcare; and (v) tech enabled services sectors, and together with Phi Capital Growth Fund 1.6 (Master Fund) is targeting US$250 million in total commitments. The Fund is expected to size its average ticket per company in the range of US$15-40 million in 8-10 companies. The Fund is expected to provide growth capital and value creation to 8-10 small to mid-market companies in India. Phi Capital will help these companies with high-touch operational engagement, leveraging the teams strong operational expertise and their network of operational partners to help expand domestically into market leaders. Further, the Fund will support its investee to expand their operations in low-income states (LIS) of India. IFC expects that the success of Fund II will encourage other fund managers to invest or enter the small to mid-market segment of the Indian PE market and attract new investors.
FRV Solar India p.cls-Default { margin-bottom:0pt; text-align:justify; font-family:'Times New Roman', 'serif'; font-size:12pt; line-height:108%; margin-top:0pt; margin-left:0pt; margin-right:0pt; } span.cls-DefaultParagraphFont { color:#000000; font-family:'Times New Roman', 'serif'; font-size:12pt; font-weight:normal; margin:0in; padding:0in; } span.cls-000000 { color:#000000; font-size:12pt; font-weight:normal; margin:0in; padding:0in; } p.cls-Normal { line-height:107.9%; margin-bottom:8pt; text-align:justify; font-family:Calibri; font-size:11pt; margin-top:0pt; margin-left:0pt; margin-right:0pt; } span.cls-000001 { font-size:11pt; font-weight:normal; margin:0in; padding:0in; } table { border-collapse:collapse !important; width:100%; table-layout:fixed; border-spacing:0 !important; margin-bottom:15px; } .k-table, .k-table td, table, table td, div table, div table td {outline: 0;border: 1px solid #000;} .k-table td, table td, div table td { padding: 5px;}     This Project involves the development, financing, construction, operation and maintenance of 2 solar photovoltaic plants of 50 MW     ac      each for a combined capacity of 100 MW     ac      (136 MW     dc     ) in the Ananthapuramu Solar Park in Andhra Pradesh. The solar park is being developed by Andhra Pradesh Solar Park Corporation Limited, a joint venture between State Government and Solar Energy Corporation of India (SECI).       The Project is being implemented under the Jawaharlal Nehru National Solar Mission program, Phase II Batch 3. The offtaker for the Project is SECI which will be selling the power to the AP state discoms through a Power Sale Agreement.       The Projects will be domiciled in two special purpose companies incorporated in India wholly owned by an international developer - Fotowatio Renewable Ventures BV (FRV, the Sponsor). 1.	Increasing clean energy production: Directly increasing power generation by 200GWh, thus promoting renewable energy in line with climate change strategy by displacing approximately 163,475 tons of CO2 per year. The Project contributes to the government goal to create 175GW of renewable energy capacity by 2022.

2.	Employment generation: Job creation is a key priority of the government in the coming years. This Project will provide permanent and temporary employment (50 people) during the lifecycle of the Project i.e. Construction, Operation and Maintenance.
Jet Airways (P) Ltd. Over the next five years, Jet proposes to purchase ten new Boeing 737-800''s and take on lease four new Boeing 737-700''s while retiring five existing Boeing 737 leases and selling two Boeing 737s. As a result, by 2005, it would own twenty of its thirty two B737 aircraft and have on lease twelve Boeing 737s and five French-made ATR-72s.   As part of the project, the company also plans to purchase and install a new generation Boeing 737-800 flight simulator and a Boeing 737-400 Flight Training Device. The Canadian-built simulator would enable Jets pilots to undergo more rigorous in-house training and significantly cut-down its training costs and dependence on other international airlines.     The  acquisition of the new generation 737-800s and 737-700s is part of Jets continued strategy to fly a modern, young fleet with high fuel efficiency, low operating and maintenance costs. With this acquisition, the company would have a range of capacities within the same aircraft family (Boeing 737) enabling it to mix and match its fleet operations to the needs of the varying market segments.     The project would further improve Jet''s   existing service level, expand services to remote areas of India, force increased competition in the air transport sector in India and bring about greater benefits to the Indian air traveller.   Whereever achieved, airline deregulation has led to significant gains from:     - better service at lower cost, thus lowering business travel expenses and creating new tourism markets;    - better utilization of public facilities like airports and air navigation systems; and    - improved service for more remote and low traffic regions through service design improvements.    As 90 percent of the airline traffic in India is business related, increased frequencies and wider geographical coverage extending to some of the remote regions of the country would positively impact the overall growth and development of business in these areas.     The project is consistent with the World Banks strategy in India to promote the growth and development of infrastructure in the country.   IFCs participation in Jet''s fleet expansion, given the government''s announced plans to privatize Indian Airlines, would further encourage private investment in the air transport sector in India and reduce the pressure on  scarce public resources in the country.   The infusion of quasi-equity by IFC would strengthen Jets financial position and prepare the company for tapping the international capital markets for its future needs.
Yes Bank Infra The Project comprises an IFC investment in a Green Bond to be issued by Yes Bank, the proceeds of which would be on lent to eligible climate change finance projects mainly in the renewable energy sector. This is expected to be the first Emerging Market Green Bond investment by IFC. The project also includes a long term financing line for on lending to Women owned small and medium sized enterprises.   Founded in 2004, YES Bank Ltd. (YES Bank or the Bank) is the 4th largest private sector bank in India, with an asset base of c.US$20 billion (Q3FY15). It is one of the fastest growing private sector banks, with the banks loan book growing at a CAGR of 29%, over the last 5 years. The Bank has steadily diversified and increased its SME and retail portfolio, which presently comprises 32% of its loan book. As part of its strategy, the Bank aspires to increase the proportion of the SMEs to 50% over the next five years. Support to India''s Renewable Energy and Climate Change goals:  The project will support a wide range of renewable energy and climate change related projects. The long term funding will be on terms that are consistent with the underlying cash flow profile of such long gestation and capital intensive projects.   Development of the Green Bond Market: IFC''s investment will generate support and confidence in the Green Bond market which is a new asset class in India and help create a new and viable source of long term financing for climate change projects in the domestic markets. The development of the Green Bond Market will provide an impetus to the development of the overall local currency bond market which is a high developmental priority for IFC and for the Government of India. IFC''s investment in an Emerging Market Green Bond will encourage issuers in other markets to issue Green Bonds and support greater resources for Climate Change finance and development of domestic capital markets.  Increased reach to Women owned MSMEs: Women-owned businesses are less likely to be banked because they tend to be smaller and less formal. The socio-cultural environment, where men are still regarded as the heads of the household owning land and property of the family, makes it difficult for women to present assets as collateral to access finance. While banks perceive women-owned businesses to be higher risk, they often do not recognize the economic and social benefit of banking women-owned businesses, who tend to be more loyal customers, less price sensitive and more risk averse.
GAJA CAPITAL INDIA FUND 2020 LLP IFC proposes an equity investment of up to INR equivalent of US$25 million, subject to not being more than 10% of the aggregate commitment to the Fund at final close, with an equivalent amount of co-investment envelope, in Gaja Capital India Fund 2020 (Fund or Gaja 2020), a scheme of Gaja Trustee Company Private Limited. The Fund is targeting US$400 million in commitments to invest in 12-15 mid- sized companies (EV upto ~US$150 million) in the education, healthcare, financial services, consumer and SaaS sectors. The Fund will continue to replicate the strategy of its predecessor Funds along with a high-touch engagement model to drive scale and transformation in investees. Project-level outcomes are: (i) increased access to private equity capital; (ii) value creation for small to mid-cap companies in India, and; (iii) improved access to digital services for individuals and enhanced productivity growth and cost savings for businesses through digital solutions.
The main market-creation outcomes are: (i) strengthening of the competitiveness of the PE market in India by supporting a local fund manager scale up and demonstrate sustained track record; (ii) signaling the viability of the small to mid-cap control segment, and countering the wary perceptions in this space.
Ecolibrium Enegy Pvt. Ltd. Ecolibrium Energy Pvt. Ltd. (Ecolibrium or the Company) is an early stage company providing a technology platform to monitor and control electricity usage for commercial and industrial customers, thereby achieving energy efficiency, with plans to extend to power grid infrastructure management and renewable project energy monitoring. The Company is incubated by a leading Indian business school, Indian Institute of Management, Ahmedabads business incubator Center for Innovation, Incubation & Entrepreneurship (CIIE) under Renewable Energy Research, an endeavor by CIIE and Ministry of New and Renewable Energy, Government of India (MNRE). The Company began operations in August 2010 and currently has 15 employees.   The Company is looking to raise equity capital to expand its presence in the energy efficiency space by strengthening its product capabilities and reaching out to a larger customer base. (a)	Improve energy efficiency: Ecolibrium offers an energy management solution which enables its customers to control and optimize their energy usage, thereby increasing electricity availability to the customers, through reduction in energy wastage.  (b)	Creation of Employment: The Company is currently managed by a small team of less than 20 members, which is likely to grow in line with the IFC investment.
Magma Fincorp Limited IFC has recently made an equity investment of about $45 million in Magma Fincorp Limited (Magma or the Company). Magma is a medium sized NBFC in India, headquartered at Kolkata, with a presence in 21 Indian states and a focus on the rural and semi-urban markets. The Company provides a wide suite of financing against - commercial vehicles (CV), construction equipments (CE), tractors, cars and multi-utility vehicles and also provides loans to small and medium enterprises (SME)  to address the needs of the financially underserved markets in rural and semi-urban India. The Company has invested significantly in a large branch network, efficient service and customer relationship management resulting in superior origination capacity in the market enabling sustained business growth. Magma is a listed entity with market capitalization of INR9.47 billion ($210 million) as on June 30, 2011. Magma has assets under management (AUM) of $2.1 billion as on March 31, 2007, and has shown consistent growth over the last 20 years. Magma now plans to leverage this financial infrastructure to drive the next phase of growth, by increasing its presence in rural and semi-urban areas, expanding within the low income states (LIS), as well as expanding its product line.   Magma has raised fresh capital of about $100 million through new equity issuance. The infusion will enable Magma to provide for sufficient capital to address the following: (i) further expansion in rural, semi-urban areas with a focus on LIS; (ii) grow the new product portfolio (used CVs, tractors and SME); and (iii) meet capital adequacy requirement.    Note on Disclosure: This is a revised SPI published with the disclosure of the project companys name and other details, which were not disclosed in the earlier SPI released on May 16, 2011 because of risk of impacting market conditions. It is done pursuant to paragraph 9 (d) of IFCs Policy on Disclosure of Information, which requires a revised SPI to be published containing all standard SPI information after the disbursement of the proposed IFC investment (or earlier), when the information pending disclosure is no longer commercially sensitive. IFC''s support to the NBFC will enable the Company to provide increased access to finance for the micro, small and medium entrepreneurs, who are mainly in the unorganized sector and do not have good access to the banking sector.  Focus on rural and semi-urban areas and low income states: The Company''s growth strategy is focused on the rural and semi-urban areas. The Company is expected to increase its rural presence by deepening its existing branch network through the hub and spoke model.
Sundaram Home Finance Ltd. The purpose of the project is to support the expansion of a fast-growing, well capitalized housing finance company focused on Southern India.  The Indian mortgage market has witnessed growth of 20% in the past five years and is expected to continue to grow at double digit rates into the near future. This growth reflects the huge demand of India''s population and the fact that the country suffers from a housing shortage estimated at 19 million units in 2001. Sundaram Home Finance will provide mortgages to underserved markets both outside and within the major metropolitan areas in the south.    IFC''s role is to provide long-term fixed rate debt so the company can fund its mortgages loans with limited interest rate and maturity mismatches, and no currency risk. IFC has also been providing the company with ongoing advice in the areas of market strategy, asset and liability management, and product development. The main development impact comes at two levels. First, IFC''s funds will enable Sundaram Home to make loans to Indian households, which will directly improve their living conditions and quality of life.  Second, the provision of housing finance helps improve the housing stock, stimulating the construction sector and other industrial activities.
A91 Partners IFC is considering an equity investment of up to US$25 million in A91 Emerging Fund I LLP (the Fund). The Fund is targeting US$250-330 million in commitments to invest in ten to fifteen companies in the early growth/ late venture capital stage of development. Target sectors include consumer goods and services, healthcare, financial services and technology. Project outcome:
The Fund manager will provide access to growth capital for investees at an early stage of the companies' development, with ticket sizes of US$5-30 million, primarily to 10-15 small to medium-sized enterprises. IFC expects the value-creation strategies of the Fund Manager will increase investee growth; the Fund manager has an explicit strategy to support 1st-generation entrepreneurs who will bring tech-enabled solutions to disrupt traditional business models,  and would target SMEs that have reached an inflexion point and need capital to accelerate growth. The Fund Manager expects to generate high multiples and significantly above average returns.
The Fund Manager will transfer knowledge and operational value-add to investees, thanks to an active investment strategy, which will allow investees to increase market, technical, operational and business management
competence through sharing the insights of a peer group of entrepreneurs.
Contribution to Market Creation:
Beyond the project, if successful, this intervention is expected to increase competitiveness by a demonstration effect, through the strengthening of the domestic PE ecosystem, by improving domestic consolidation, by institutionalizing
businesses, by growing local companies into national/regional providers and competitors, by encouraging regulatory alignment of the PE ecosystem.
Domestic and international business expansion and supply-chains will foster greater integration in the market. Through capacity-building activities, the project will help investee companies expand domestically, promote domestic
market integration and stronger supply-chains beyond the direct project outcomes. prior experience with investees The Fund Manager has demonstrated this successfully in.
PTC Fin Loan PTC India Financial Services Limited (PFS or the Company) is a non-deposit taking, non-banking finance company that has been categorized as an Infrastructure Finance Company by the Reserve Bank of India. PFS is focused on funding projects across the energy value chain in India. The Project, which includes IFC debt funding to PFS, will allow PFS to utilize these funds to increase investments in the Renewable Energy (RE) space in India. Wider impact: With IFCs support, PFS can support a wider range of clients in the RE space potentially across multiple technologies and increase the renewable energy generation base in India. 

Demonstration effect: PFS is a developing financial intermediary and its expansion in this space is likely to help attract other financial institutions to increase their risk appetite and invest more in these sectors. 

GHG Savings: The proposed investment will result in substantial savings of GHG emissions as it will encourage power generation from renewable and climate friendly fuels. This is critical in view of Governments overall intention to reduce carbon emissions. 

Institution building: IFCs support to PFS will help it to scale up its capacity to assess clean energy projects through sharing of its experience and knowledge of the sector worldwide.