devinitorg/iati-policy-markers huggingface dataset:
India BEF IV IFC proposes an equity investment of up to US$35 million, not exceeding 20% of total Commitments with up to US$20 million in co-investment envelope under the delegated authority, in India Business Excellence Fund IV (the Master Fund or IBEF IV), a trust constituted under the Indian Trusts Act 1882 and registered as a Category II Alternative Investment Fund (AIF) with the Securities and Exchange Board of India (SEBI) through India Business Excellence Fund IV G (GIFT Fund), a trust formed in Gujarat International Finance Tec-City, registered with the International Financial Services Centre Authority (IFSCA) under the SEBI AIF Regulations 2012, as a Category II AIF (together known as the Fund). The Master Fund is targeting ~US$588 million (INR 45,000 million) in commitments to invest in 10-15 companies in consumer, financial services, life sciences and niche manufacturing sectors. Project level outcomes are delivered through increasing access to equity and value creation for mid-cap companies in India with a focus to also support companies with a scope for expanding significant operations in low-income states. MOA is an experienced fund manager and will support value creation in its investee companies through operational improvements by leveraging its in-house team of experts, in turn, positioning companies for market expansion across India.  
Market creation is delivered by strengthening the competitiveness of the private equity (PE) market in India. The project supports an experienced fund manager to raise a follow-on fund in the mid-cap market segment. Beyond the project, the success of the Fund will encourage other local fund managers to raise new or follow funds in the segment. In turn, this will attract domestic and international institutional investors and is expected to reduce the need for development financial institution (DFI) presence in the market for future fundraisings
MSETCL Project Maharashtra State Electricity Transmission Company Limited (MSETCL) is a power transmission enterprise 100% owned by the Government of Maharashtra (GoM). The project involves an IFC US$100 million equivalent local currency A/B loan package to partially finance MSETCLs 2008-12 capital expenditure program which is estimated at over $4 billion. IFCs funding will finance a time slice of critical network rehabilitation and expansion investments. This Project is part of a larger World Bank Group engagement with MSETCL including institutional development efforts through WBGs technical assistance programs. 

The World Bank Group has had a strategic role in supporting the Government of India in reform and commercialization of the power sector through a series of state level IBRD operations.  Sufficient progress has been made in some states for some public power utilities to begin to access commercial financing and non-sovereign guaranteed sub-national support from the Bank Group can play a key role in supporting their strategic growth.  This project supports investments in essential transmission infrastructure required to attract private investments in generation and to promote power trading and competition. IFCs involvement in the project is expected to have a development impact in terms of:

- Reduction of transmission system losses and improving quality of supply;
- Enabling investments in new generation essential for continued economic growth and to provide electricity access to those as yet unserved;;
- Transition of the company to better corporate governance and management;
- Growth and competitiveness impact by improving power supply to industries currently subject to frequent outages and high coping costs of using environmentally unfriendly diesel based generators;
Rain CDG Project The proposed transaction involves providing an IFC Carbon Delivery Guarantee (CDG) for Certified Emissions Reduction Credits (CERs) generated by Rain Calcining Limited (Rain or the company).  Rain is based in Vishakhapatnam in Andhra Pradesh, India with an installed CPC capacity of 600,000 tons per annum (tpa).  Rain has been an IFC client since the companys inception in 1993-94.  In 2004, IFC financed Rains expansion, which involved establishing a new 300,000 tpa kiln and associated facilities, doubling the Companys CPC capacity.  A significant added benefit from this project was that waste heat from the new kiln could be used to eliminate Rains dependence on fossil fuel for power generation, leading to CERs.  In 2007, Rain's CER project was registered with the Clean Development Mechanism Executive Board with an annual baseline GHG emissions reduction estimated at about 164,000 tonnes of carbon dioxide equivalent. - Development Impact: 

This transaction complements the development outcomes achieved out of IFCs previous project with Rain, which eliminated the primary use of fossil fuels by the Companys operations.  The single largest development impact of the transaction is that over the five year transaction horizon, the generation of an estimated 825,000 tonnes of carbon dioxide equivalent will be eliminated, while a total of 2.5 million tonnes of carbon dioxide will be eliminated assuming an estimated 15 year life of the project.  Through supporting an Indian company gain access to carbon finance in the way this transaction is structured, the project could encourage similar deals with local companies.

- World Bank Group Strategy: 

The project is compatible with the overall WBG and IFC strategy to support the development of competitive local industry in India. In particular, the proposed transaction is consistent with IFCs approach to Climate Change by helping reduce greenhouse gases and expanding the market for carbon finance.  

The World Bank Group Country Assistance Strategy (CAS) for India aims to strengthen the enabling environment for sustainable privatesector-led growth and support critical interventions of special benefit to the poor and disadvantaged. To support these objectives, the World Bank Group will concentrate its assistance on improving government effectiveness and on promoting private sector-led growth by:

- Facilitating greater competitiveness through: 

improvements in the investment climate;
improved financial intermediation to the private sector; and
direct support to firms to promote sustainable growth and competitiveness;

- Improving the quality and quantity of infrastructure through greater private sector participation; 
- Promoting the provision of private health services; and 
- Improving rural productivity and growth through greater private sector investment.
Janalakshmi NCD The proposed project envisages a senior debt investment in Janalakshmi Financial Services Private Limited (Janalakshmi or the Company) which is a leading urban MFI headquartered in Bangalore, Karnataka with a borrower base of more than 1 million women borrowers and a loan portfolio of approximately INR14,000 million (US$223 million equivalent). Janalakshmi is amongst the largest MFIs in the country and is amongst the few MFIs that have significantly expanded their branch network and outreach post the MFI crisis (and subsequent regulatory changes) on the back of significant capital infusions.  IFCs proposed investment will help Janalakshmi in its plan to become a comprehensive financial services provider for low income households, to diversify its sources of funding and to expand the outreach of access to microfinance to borrowers who have little or no access to formal sources of financing. 1. Access to Microfinance: This Project will help in expanding the outreach of access to microfinance to borrowers who have little or no access to formal sources of financing to women borrowers, including in low income states of India which have amongst the highest  population densities and poverty rates in the country. 2. Balanced growth of Microfinance: This Project will promote a more balanced growth of microfinance in India. Janalakshmi''s operations are expanding in Western & Northern India where MFI penetration has historically been low. Additionally, the investment seeks to support an institution that has been a front-runner in adopting technology to enable financial inclusion.
Capital First Limited BOW NCD table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; }           The project involves IFC financing of up to INR 3.4 billion (US$50 million equivalent) to Capital First Limited (CFL or the Company), a   Systemically Important Non-Deposit Accepting Non-Banking Financial Company in India  . The funding will be used for financing the growth of CFLs lending portfolio to women-owned small and medium enterprises (WSMEs). This investment is part of IFCs strategic target to reach 10 million MSMEs during FY17-21.           CFL serves micro, small and medium enterprises (MSMEs) and fast-growing emerging middle class consumers in India. It     has a highly diversified loan book of INR  188.00 billion (US$2.8 billion equivalent) as of December 31, 2016, of which 91% consists of MSME and consumer financing.  The Company has financed 3.5 million customers to-date in 222 locations, including low-income states, across India. 1. Access to finance for women-owned SMEs: CFL is a good partner for IFC in its efforts to support women-owned SMEs in India given the Company's leading position in the MSME market, including a strong presence in low-income states. Capital First has a strong interest in financing women-owned businesses and can effectively channel IFC's funding to women borrowers across India. Increased availability of well-allocated financial resources will help WSMEs grow and stabilize their businesses, create more jobs and contribute more effectively to boosting productive economic activity.

2. Demonstration effect: This investment will be IFC's first Banking On Women project to be undertaken with an NBFC, thus further solidifying women entrepreneur financing as a sustainable and attractive proposition for financial institutions, and is expected to provide a demonstration effect for other NBFCs in India and elsewhere throughout emerging markets.
The South Indian Bank Limited The project involves an investment in The South Indian Bank Limited (SIB or the Bank), a medium-sized private sector bank based in Kerala. As of March 31, 2007, the Bank had Total Assets of approximately $3.2 billion and net worth of $168 million. The project will help augment SIBs capital base to meet its growth plans. This project is part of IFCs strategy of supporting professionally run, mid-sized private sector banks to emerge as strong players in the Indian financial sector. The project will support the growth of the private sector in the banking sector and improve the quality of banking services through increased competition and introduction of best banking practices. This project will also help in expanding the reach of banking services to the underserved segments such as Small and Medium Enterprises, retail and agriculture, which are key to SIBs growth strategy. SIB has a large proportion of its branches located in rural and semi-urban areas which will help stimulate rural development.
Asian Electronics Ltd. (AEL) (Multicompany with 8438 and 8439) Summary Of Project Information (SPI)       Project Name    India-Asia Electronics Limited (AEL)            Region    Asia        Sector       Project No007756   Projected Board DateJune 15, 1997   Company NameAsian Electronics Limited   Technical Partner and/or Major Shareholders    	Publicly listed company.  Major shareholder is Mr. Suresh Shah.    Project Cost Including proposed IFC investment    	Total Project Cost is US$86.0 million, IFC A Loan US$16.0 million and equity of US$5.6 million    Location of project and Description of site    	Project operations will be headquartered in Thane, Maharastra State, India    Description of Company and Purpose of Project    	AELs proposed projects are expected to include the installation of modern low tension and high tension capacitors and switched capacitor panels for power factor improvements (70%), distribution transformers (5%), efficient lighting (20%) and electronic energy meters (5%).  The clients will be Indias State Electricity Boards and private industry.    	IFC will help India realize its first major ESCO with a sound financial base and support a structure that has been proven to work.  IFCs involvement would add credibility to a medium sized company thereby enhancing its reputation and exposure to international investors and markets.    Environmental Category and Issues    	This is a category B project according to IFCs environmental review procedure because specific impacts may result which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria.  Based on its review of available information regarding potential environmental impacts and proposed mitigation measures, IFC concludes that the proposed project is being designed to meet Government of India requirements, and World Bank policies, environmental, health and safety guidelines.    The  is  from the Public Information Center.       Date SPI sent to PIC     May 8, 1997      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384  Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
PFS II Project PTC India Financial Services Limited (PFS or the Company) is a public listed non-deposit taking, non-banking finance company (NBFC) 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 subscription of non-convertible debentures to be issued by PFS, will allow PFS to utilize these funds to increase investments in renewable energy (RE) i.e. solar and wind projects. This is in addition to the existing senior loan facility that has been provided by IFC to the Company in 2011. 1.	Demonstration Effect: PFS is a growing financial intermediary and its expansion in this space would help attract other local and international financial institutions to increase their risk appetite and invest more in these sectors.   2.	GHG Savings: The proposed investment will result in GHG emissions savings as it will encourage power generation from renewable and climate friendly fuels.  This is critical in view of GOI''s overall intention to reduce carbon emissions.  3.	Wider Impact:  With IFC''s support, PFS can finance a wider range of clients in the RE space (wind and solar) and contribute to the increase of RE generation base in India.
VenturEast Proactive Fund The proposal is to make an equity investment of up to $15 million, not to exceed 15% of total commitments in VenturEast Proactive Fund (the Fund).  The Fund, with a target size of $100 million, will invest in equity and equity-linked minority stakes in early-stage small and medium enterprises (SME) in India. Its target industries will include enterprise solutions, consumer internet, global IT products and Research & Development (R&D) outsourcing.  The Funds objective is to achieve superior long-term capital appreciation with a target net IRR of 30% in local currency for onshore investors and a U.S. Dollar net IRR of 20% for offshore investors.  This will be achieved through pro-active involvement in the structuring and management of investee companies to enhance their value.  The Fund will be managed by VenturEast Fund Advisors (the Manager), a legal entity established by APIDC Venture Capital Limited (APIDC VC), a fund management company. The project is expected to impact development in the following areas:

- Generating employment: 

By being actively involved in the growth of the investee companies, the Manager will channel the fund towards the creation of new jobs, the preservation of existing jobs and to the development of increased labor productivity.

- Developing the private sector:

The Fund will invest in sustainable companies in the private sector and lead to further development of the private sector in the technology, communication and information space.

- Supporting SMEs:

The Fund has a mandate to invest in small to medium sized businesses and generate revenue from the value addition they provide to these companies.
OceanSparkle III Ocean Sparkle Ltd. (OSL or the company) is the leading Indian provider of comprehensive port management services such as harbor towage, mooring, pilotage, ship-to-ship transfer of cargo, and control tower operations.  It currently owns and/or manages one of Indias largest fleets of harbor vessels (including 42 tugs and 19 other vessels such as dredgers, pilot tugs, mooring boats, etc.) and provides port services to fifteen ports across India. Over the next two years, OSL expects to invest in several additional new/second-hand vessels to expand its operations at ports, energy and offshore terminals in the country. This project involves an IFC loan to support these investments. OSL is one of the very few private companies providing comprehensive port management services in India. The Indian port sector is still largely government-owned and operated, although there are presently new efforts and plans to privatize both major and minor ports, and to tender port services contracts to outside service companies. The project will support the continued expansion of a well-managed, low-cost provider of port management services. As such, it will provide benefits to port owners and port authorities, who can focus on core activities rather than the allied services that can be more efficiently provided by Ocean Sparkle. The higher standards of port services offered by OSL as a private competitive provider would also help increase the efficiency of ship turnaround operations in privatized ports, as well as improve the environment and safety levels. The company hires Indian mariners and other crew for all of its operations. Hence, the project will also provide employment opportunities to local skilled labor.
BALLARPUR INDUSTRIES LIMITED Ballarpur Industries Limited (BILT or the company) is the single largest manufacturer of writing and printing (W&P) paper in India. BILT has a total production capacity of 375,000 tons per annum (TPA) of W&P paper and a total pulp capacity of 335,000 TPA, spread across five pulp and paper manufacturing facilities.  The company was established in 1945 and is listed on all the major Indian stock exchanges.   The proposed $159.7 million project consists of -  environmental improvements ($14.4 million);  -  product quality improvements ($15 million);  -  production capacity increase ($15.7 million);  -  expansion of the farm forestry ($6.2 million); -  working capital for paper trading ($8.0 million) and for regular operations ($5.7 million); and  -  Debt Refinancing ($94.7 million).
DCM Aavas NCD II IFC proposes a debt investment of up to US$50 million in Aavas Financiers Limited (AFL or the Company) through subscription of Non-Convertible Debentures (NCD) issued by AFL or as loan under the External Commercial Borrowings (INR ECB) guidelines. The purpose of the proposed IFC investment is to expand the Company's affordable housing finance program in rural/semi-urban markets of Rajasthan and nearby states (the Project). About 65% of AFLs customers are self-employed, majority of them have no formal proof of income, and almost 40% are first time borrowers; and about 85% of its financing is used for self-constructed single unit houses. AFLs was awarded the Best Housing Finance Company in Affordable Housing Segment by the Government of India (GoI) at the National Summit on Affordable Housing in 2016 in recognition of its work in affordable housing finance. The Project is part of IFC's programmatic approach to develop the affordable housing finance market in India, where only 5% of adults have an outstanding housing loan and the housing shortage is estimated at over 60 million units. While expanding its mortgage portfolio, AFL will demonstrate its financially sustainable approach to serving the un(der)served segments, which can be replicated by others in the market.
Husk Power Project Founded in 2008, Husk Power Systems Inc. (HPS or the Company) provides off-grid power to rural Indian villages of about 500 households. HPS uses its own proprietary technology to install and operate 35-100 kW mini power plants that delivers electricity as a pay-for-use service using a point-to-point system that connects each household or business directly to the HPS power station. HPS sets up these plants in consultation with villagers at no fee to the village and procures rice husk/feedstock at negotiated rates. The firm sets up village-wide distribution systems that wire each household, irrigation station, and commercial enterprise with electricity. Currently, the Company has about 25 plants spread across the state of Bihar in India. HPSs first community system in India was inaugurated in August 2007 in Tamkuha, Bihar. The Project has a strong development impact in terms of impacting real 'bottom of pyramid' households and commercial establishments through affordable electricity supply apart from employment generation and environmental benefits. Rural electrification is in an 'acute crisis' as more than 125,000 Indian villages are presently un-electrified. The Indian government has designated several thousand villages as 'economically impossible' to reach via conventional means. Further, current power options (kerosene lanterns, diesel generators) are uneconomical, inefficient and wreak enormous environmental havoc. Without electricity, these villagers are forced to live at the whim of natural forces and lack basic communication, education and healthcare infrastructure. HPS has identified 25,000 villages as feasible sites within India's rice producing area (Bihar and neighboring states) for its projects.
FinCo Project The Project involves setting up a new non-banking finance company (FinCo or the Company), focused on providing financing and advisory activities mainly to small and medium enterprises (SME) in India that are engaged in businesses that have a positive environmental impact and fight climate change.  FinCo will offer debt financing and advisory services in areas such as cleaner production, energy efficiency, renewable energy, sustainable water and sanitation and waste management, environmental cleanup, carbon finance, emissions reduction, effluent disposal etc. - Demonstration Effect: This will be the first specialized green finance company in emerging markets; its success would encourage its replication in other markets with significant positive impact globally.

- Environmental Impact: Through the activities of the companies that FinCo finances and advises, FinCo is expected to have a significant positive impact on the environment.

- Wider Reach: Given the strong sponsorship of the Company by Tata Group, the support from IFC and other high quality partners, the Company will have the credibility and the network to create a wider reach across sectors and market segments in the environmental finance market in India.