devinitorg/iati-policy-markers huggingface dataset:
Cube Invit Project Cube Highways Trust (the Trust), a private listed InvIT, currently has 18 road assets (toll and annuity) under it and can acquire 7 more assets (toll and HAM) under ROFO arrangement with Sponsors of Trust.  The Company has raised debt at the Company level to replace individual project finance debt, and conduct maintenance capex of the operating road assets The main project-level impact is on stakeholders by supporting the consolidation of road assets into an InvIT structure and enabling the implementation of operational improvements to efficiently maintain the operation of these assets for users. Beyond the Project, the investment is expected to enhance market integration by visibly demonstrating the role of InvITs in expanding and diversifying sources of investment in the roads sector.
Lighthouse IV IFC proposes an equity investment of up to US$50 million, not exceeding 20% of total commitment, and an additional co-investment envelope of up to US$40 million under the delegated authority framework, in Lighthouse India Fund IV AIF (the Fund or Fund IV), a mid-market private equity (PE) fund focused on growth transactions in India and targeting US$400 million in total commitments. Consistent with its prior funds, Fund IV will continue to focus on its key strengths of targeting growth stage mid-market companies in consumer, healthcare, specialty manufacturing and digital transformation sectors. The Fund is expected to size its average ticket per company in the range of US$20-40 million in 10-12 companies. Project level outcomes are delivered through increasing access to equity and value creation for mid-market companies in India, including supporting investees that are female-owned/led. Lighthouse is an experienced fund manager and will provide strategic and operational expertise to help investees to expand into new market segments and streamline operations. 

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 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 finance institutions (DFI) presence in the market for future fundraisings
ABC Coffee Project Amalgamated Bean Coffee Trading Company Ltd. (ABC or the company) is Indias largest integrated coffee company, involved in purchasing, roasting and selling high quality coffee and specialty beverages across multiple food-service channels.  The company currently owns and operates around 288 cafes under the Café Coffee Day brand.  In addition, it has an extensive network of kiosks and outlets selling freshly ground coffee.  ABC is a privately held company established and majority owned by Mr. V.G. Siddhartha, an Indian entrepreneur.   The company currently enjoys a clear leadership position in the modern café and coffee vending segments in India.  Over the next three years (financial years 2007 to 2009), the company proposes to implement an investment program to finance a further expansion of its cafes and kiosks.  The key components of the project are:     - expansion of the Café Coffee Day chain;   - expansion of kiosks and freshly ground coffee outlets;    - other capital expenditure; and    - incremental working capital requirement.     ABC has requested IFC to provide financing for the project.
Apollo Project The proposed investment comprises an equity investment in Navi Technologies Private Limited (NAVI or the Company).  NAVI is in the process of acquiring 100% ownership over the shares of Chaitanya Rural Intermediation Development Services Private Limited (CRIDS) from Sachin Bansal and existing investors; and an application has been submitted to the Reserve Bank of India (RBI).  CRIDS has a wholly owned subsidiary Chaitanya India Fin Credit Private Limited (CIFCPL). CRIDS and CIFCPL are collectively referred to as Chaitanya. Chaitanya presently provides loans to low income customers in rural areas largely on the joint-liability-group lending (JLG) model.   CIFCPL has made an application to the RBI for a universal banking license under the RBIs On-Tap Banking License Guidelines, 2016. IFCs investment in NAVI is to support the transformation of CIFCPL into a technology led universal bank or NAVI Bank (the Project) which would provide mass market banking solutions for individual and micro, small and medium enterprises (MSME) and select corporates. 1.	Improved access to finance for MSMEs and individuals: NAVI Bank will seek to leverage technology platform and data analytics to simplify loan application processes and tailor loan terms to individual and MSME.
2.	Improved access of deposit and quality of deposit accounts: NAVI Bank aims to rapidly scale and achieve higher usage and deposit rates by delivering better terms, convenient and tailored product offerings to individual customers and MSMEs compared to incumbent financial institutions by leveraging digital channels and a more efficient business model.
3.	Market Competitiveness: NAVI Bank will contribute to fostering competitiveness in the market by demonstrating the viability of product and service innovations delivered through a technology-based business model. IFC expects that New Bank's success will contribute to increasing competitiveness in the retail and MSME banking segments in India, by leading incumbents to invest in technology-driven products for customer engagement and financial service provision, as well as by serving as a catalyst for the entry and growth of new digital banking models in the country.
Aarti Industries The proposed IFC investment involves a 10-year senior secured loan of up to US$130 million to Aarti Industries Limited (the Company or AIL). The proposed loan will be utilized towards capacity expansion, modernisation and debottlenecking initiatives (the Project) in Jhagadia and Dahej, in the state of Gujarat, India, which consists of: (i) expansion of nitro toluene capacities at Jhagadia, (ii) expansion of ethylation capacities at Dahej, (iii) setting up of a chloro-toluene and its derivatives plant at Jhagadia, (iv) setting up of multi-purpose plants and pilot plants for customized manufacturing at Jhagadia, and (v) expansion and debottlenecking of other existing capacities at Jhagadia and Dahej. IFCs loan is structured as a Sustainability Linked Loan (SLL) and builds in incentives for the Company to meet agreed emission reduction targets. The most significant project-level outcomes are economy-wide benefits through increased employment and value addition, and GHG emissions reduction. The Project will contribute to increasing domestic value addition in Indias specialty chemical sector through production of downstream and value-added products. The most significant effect of the Project on the market is through its scale expansion, backward integration, and the Companys drive to push innovation through manufacturing of products that are currently imported. The Project is also expected to achieve reduction in total GHG emissions through a combination of measures including partial coal replacement with biomass; increase in share of renewable power in energy mix and increase in waste heat utilization.
Ujjivan ECB The proposed project envisages a senior debt investment in Ujjivan Financial Services Private Limited (Ujjivan or the Company), which is a leading Microfinance Institution (MFI) in India. Ujjivan is amongst the few large MFIs that focus on providing micro loans to women borrowers in urban and semi-urban areas. Its target customers include self-employed women working as vegetable or fruit vendors, small shop owners, sari sellers, tailors etc; salaried women working in garment factories, hospitals, cooks, house maids, and piece rate workers involved in incense stick rolling, tailoring etc. Ujjivan today has about 1.1 million members and a loan portfolio of about US$206 million equivalent.   Ujjivan has over the years, established itself as one of the most customer centric institutions with a strong emphasis on responsible lending and good HR practices.   The proposed investment would manifest IFCs support for an existing portfolio investee and would be amongst the first few ECB transactions in the microfinance space and is particularly important as a source of long tenor funding. 1.	Increasing access to finance in low income states in India, including states in the northern and eastern parts of the country which have amongst the highest population densities and poverty rates in the country 2.	Promoting a more balanced growth of microfinance by supporting an institution that been a front-runner in adopting technology, is a pioneer in focusing on consumer service and responsible financing and offers customized products for various financial and non financial needs of its members
Shriram Offshore The proposed investment comprises an IFC own account investment of up to US$150 million in rated, senior, secured notes with a tenor of up to six and a half years, issued by an offshore vehicle called India Vehicle Finance, a company incorporated in Mauritius, which will further invest in INR denominated securitized assets of Shriram Finance Limited (SFL, or the Company). In addition, IFC will play the role of an anchor investor, which is expected to attract other institutional investors who will invest up to an additional US$350 million in India Vehicle Finance. The entire proceeds from IFCs own account investment will be directed by SFL towards on-lending to MSMEs in rural regions and Low Income States. Stakeholders impact: 

Improved access to finance for MSMEs: The MSME sector is extremely critical for the development of the country as it accounts for over 30% of the GDP and provides employment to more than 110 million people. The Covid-19 pandemic had severely impacted the economic environment for the MSME sector. In particular, commercial vehicle (CV) financing was amongst the worst-hit segments in the financial sector given mobility restrictions and low truck utilization rates. This segment is recovering from the pandemic, and demand for CVs, especially used CVs, remains buoyant given the growing economy, and the focus on infrastructure. The proposed IFC investment would support access to vehicle finance to MSMEs, particularly micro enterprises, focusing on MSMEs in underserved areas like low-income states and rural regions of India. 

Market impact:

Beyond the project level outcomes, IFC anticipates that this project will have a catalytic effect on increasing resilience in the market by leveraging FIs such as SFL, which have a strategic focus on MSMEs,  to instill confidence in the sector. The project also supports integration of the securitization market in India, by attracting long term capital from investors.
Zephyr Peacock India Fund II, L.P. Zephyr Peacock India Fund II, L.P. (also ZP II or the Fund) is an India-dedicated private equity fund which is seeking to raise US$75 million to make equity and equity-related investments in growth capital opportunities in high-growth small and medium enterprise (SMEs), including those located outside the main Indian metrosa relatively underserved segment of the market. An IFC investment in ZP II is expected to deliver the following development impact:     Stimulate private sector growth  ZP II is expected to expand access to financing by private enterprises, especially SMEs in Tier II, Tier III cities and rural India.     Stimulate job creation  ZP II is expected to provide much needed value-enhancing management and operations advice to high growth companies, which are expected to generate above-average rates of job creation.     Improve governance and build local institution  the Fund is expected to help portfolio companies adopt better practices in corporate governance, environmental and social standards, leading to improved sustainability.
FP Energy EF The proposed transaction is an equity investment of up to US$125 million in Fourth Partner Energy Private Limited (FPEL or the Company), one of the leading renewable energies (RE) solutions providers to commercial and industrial (C&I) clients in India ( https://www.fourthpartner.co/ ). The Company currently has a portfolio of c.1.5GWp and is one of the leading players in the C&I sector in India. The proposed investment will support FPELs RE capacity expansion plans, mostly solar and wind-solar hybrid, over the next few years (the Project).  FPEL is an existing IFC investment client since 2023. See previous project disclosure information here  https://disclosures.ifc.org/project-detail/ESRS/46362/fp-energy-pf .   FPEL provides services across development, design, financing, procurement, construction, operation, and maintenance, energy analysis etc. of renewables infrastructure. The proposed equity financing will include all of FPELs business activities at various stages of design, construction, and operation. These include an existing portfolio of mostly rooftop and ground mounted open-access (OA) solar assets spread across 24 states in India. The Companys OA solar, standalone wind, and wind-solar hybrid sites are connected to central and state transmission utilities that allow FPEL to sell electricity to consumers located across India. FPEL has a small portfolio of rooftop solar projects (40 MWp capacity) in Bangladesh, Sri Lanka, Indonesia, and Vietnam. The Company also has two subsidiaries for providing (i) comprehensive EPC services, solutions and component manufacturing for Battery Energy Storage Systems (BESS); and (ii) a joint venture for deploying EV charging systems across India. The main Project outcomes are the reduction of GHG emissions in Indias power generation and the benefits of increasing the supply of affordable RE for C&I. At the market level, the Project will contribute to increasing competitiveness of the power sector by demonstrating replicable DGS solutions for C&I consumers, including wind-solar hybrid plants and battery energy storage solutions (BESS), as well as business models that enable the scaling-up of RE through open access DG and inter-state power exchange.
The Avigo SME Fund II Avigo SME Fund II (the Fund ), is a private equity fund of target size $100 million with the purpose of investing in significant minority stakes to meet the growth and expansion needs of Small and Medium Enterprises in India. The Fund will be managed by Avigo Capital Partners (the Manager), who has managed a predecessor fund, Avigo SME Fund I. - Supporting a fund that will invest in SMEs:   IFC has not found model to invest directly in SMEs in a cost-efficient manner, and uses collective investment vehicles as the primary tool to provide SMEs with equity.  - Supporting the development and growth of local entrepreneurship:  The Fund will provide equity financing and management expertise to SMEs with high-growth potential.  - Strengthening an emerging domestic fund manager:   This is effectively a first time team scaling up operations from its prior fund.   - Encouraging global best practices in the fund management industry:  The Manager is deliberately trying to apply best practices to the Funds governance and also sees governance as a critical element in increasing the value of its investee companies.  - Investing in SMES:   Although numerous fund managers have appeared in India in the past couple of years, only a handful focuses on SMEs.
Idea Cellular The project consists of the upgrade and expansion of Idea Cellular Limiteds cellular telephone network in India.  Idea Cellular (Idea or the company) is seeking financing to complete its FY2007-09 capital investment program which consists of:   - strengthening and expanding the companys existing GSM mobile network; - launching operations in the new telecommunication service areas of Mumbai and Bihar; and - installing and maintaining a National Long Distance (NLD) network.  With the completion of the project, Ideas network will cover approximately 70% of Indias total mobile subscriber base. Some of the development impact highlights of this project are as follows:  - Expand access to telephony in underserved and rural areas:  Rural teledensity in India currently stands at around 5%, as compared with approximately 30% in urban areas. Through this project, Idea will expand its existing network into semi-urban and rural areas.   - Expand access to telephony in frontier states, e.g. Bihar:   Bihar is one of the poorest states in India, with close to 50% of the population living below the poverty line and a mobile penetration rate of about 8%. Through this project, Idea will extend its network into Bihar.   - Enhance competition:  This project will further enhance competition in Indias mobile telephony market, leading to increased quality of services and lower prices for consumers.   - Increase employment:  Idea currently provides direct employment for 4,700 people and indirect employment for considerably more people through its distributor network.  As Idea expands it operations both within existing circles and into new areas, quality jobs will be created for its suppliers and distributors.
WEG Industries (India) Pvt. Ltd. WEG Industries (India) Pvt. Ltd. (WII) is constructing a greenfield plant near Hosur, Tamil Nadu State, India, to produce high voltage motors and generators.  Production is expected to be ramped-up by the end of 2011 and in its initial years of operation, the plant is expected to produce an average of about 250 motors and generators per year (the Project).  Sales will be largely in India, although there will also be exports from India to neighboring countries.  These motors and generators are large, technologically sophisticated and are typically used in infrastructure (small, electric generation stations and water pumping stations), agriculture (irrigation), as well as mining and industry. Improved Product Availability and Quality.  
The Indian market is undersupplied with locally-manufactured, high voltage motors and generators that are state-of-the-art technologically.  The importance of manufacturing this equipment locally derives not only from transportation cost savings but also because this equipment is built-to-order to very detailed specifications, bringing to the client benefits from the ease and accuracy of information exchange with a local manufacturing facility and improved delivery times. 

Infrastructure Development.  
Infrastructure, including power generation is a bottleneck to economic development in India.  WEG will increase its capacity to sell turbines for small-scale, run-of-the-river generation projects that tend to serve areas that are off-grid.  Further, another important segment which requires high voltage motors are the producers of basic infrastructure building blocks: cement and steel  plants.  WEG also is building on its track record in India of supplying motors for the pumping stations that make up important, government-sponsored irrigation projects.

Employment.  
The Project will generate at least 250 direct jobs and is estimated to generate a multiple of this in the supply chain of WII and contractors for corporate and industrial services including maintenance, security, transportation providers, etc.
LIGHTHOUSE INDIA FUND III, LIMITED IFC proposes an equity investment of up to US$20 million in Lighthouse India Fund III, Limited (the Fund), a Mauritius based public company limited by shares, with limited life. The Fund seeks to invest in lower mid-market companies in India spanning sectors such as consumer goods (personal care & lifestyle and food & beverage), agriculture, building materials, healthcare and financial services. (i)	Private Sector Development: Access to long-term equity capital is difficult for unlisted companies. The Fund would provide scarce and patient capital as well as expertise and guidance to support value creation. Lighthouse's value-add to investees, through Fund I and Fund II, is visible through the robust growth in financial metrics, high job creation, and strengthening of the underlying business models.
  
(ii)	Financial inclusion and sustainability: Access to employment opportunities for individuals, access to markets for small businesses, and operational, financial and E&S improvement of local businesses.   

(iii)	Market development: Support of the India PE industry at a time when investor support has waned, through support of a local PE firm with long-term potential, operating in a segment of the market that has very few providers of growth capital.
Bharat Biotech Bharat Biotech International Limited (Bharat or the company) is involved in three activities:   -  the development and production of vaccines,  -  contract development and manufacturing for Western based pharma/biotech companies, and  -  the development of its own line of molecules.    The key uses of the project investment are for:   -  upgrading and expanding current facilities; -  increasing contract manufacturing; -  increasing marketing and sales to expand revenue both in India and for exports; -  increasing product R&D.
RSE COVID JK Paper JK Paper Limited (JKPL or the Company) is a leading Indian producer of office papers, packaging boards, printing and writing papers, and specialty papers, and is publicly listed on both the Bombay Stock Exchange and the National Stock Exchange of India. In 2018, IFC disbursed US$44.7 million in the form of an INR denominated A loan to the Company to help improve its productivity and refinance its existing debt. The proposed IFC investment would fund (i) the incremental working capital needs due to the impact of COVID-19; and (ii) any potential shortfall in cash flow generation for planned and future capital expenditures (together, the Project). The Project has an Anticipated Impact Measurement and Monitoring (AIMM) rating of Good based on an AIMM score of 53. The most significant, expected project level outcome is stakeholder effects (employees and customers) Beyond the project, IFC anticipates that its financing will promote greater market resilience via market enabling channels.