devinitorg/iati-policy-markers huggingface dataset:
GSPL Project Gujarat State Petronet Limited (GSPL or the company) is a public-private partnership established in 1998 by Gujarat State Petroleum Corporation Limited (GSPC), a company majority owned by the government of Gujarat (GoG), for the purpose of constructing and managing a statewide gas transmission network in the State of Gujarat. GSPL is the only natural gas transmission company in India that operates on an open access basis, i.e. it transports gas on behalf of third party shippers in return for a transport fee. GSPLs existing gas transmission network comprises 1,080 km medium-to-high pressure pipelines connecting natural gas supply points at Hazira and Dahej to consumption points currently covering the districts of Ahmedabad, Anand, Baroda, Bharuch, Gandhinagar and Surat. The majority of GSPLs customers are power, fertilizer, chemical and steel plants that purchase natural gas directly from suppliers, as well as several local gas distribution companies who supply natural gas to retail consumers.  GSPL is continuing with the expansion of its gas transmission network in Gujarat. It plans to expand its network by about 800 km over the next 3 years, including:   - the BJPL project, which consists a 190 km loop line from Bhadbhut to Hadala and a 110 km extension from Rajkot to Jamnagar;  - a 46km extension of the transmission line from Baroda to Godhra;  -  the construction of a 225 km pipeline from Dhandhuka to Jafrabad; and   - a 225 km extension of the pipeline from Morbi to Mundra. The expansion of the GSPL network will lead to additional availability of gas to meet the growing needs of users in key sectors such as power that directly impact economic growth and quality of life for all sections of society, particularly the poor.  The project will also further the GoI agenda to increase transparency and competition at a critical juncture for Indias gas sector, through providing increased opportunities for consumers to contract directly for gas with suppliers. The substitution of petroleum fuels and coal by natural gas in industry will have important environmental benefits that include large reductions of nitrous oxide, carbon monoxide, sulfur dioxide, and total organic compounds when compared on a calorific-equivalent basis for alternative fuels. The increased use of natural gas also carries with it important safety benefits since it eliminates the need for storage facilities. Expanded gas use in Gujarat will also lower energy costs for industry thereby increasing the competitiveness of Indian industry.
Auro Mira Energy Auro Mira Energy Company Private Limited (AME or the Company) is a renewable energy focused company, promoted by N. Srinivasan and his associates. Baring Private Equity Partners (Baring PE) are the first investors holding majority stake in the Company. AME currently has two operating biomass projects (7.5 MW and 10 MW). 
It is currently developing 100+ MW Projects in Biomass, Small Hydro and Wind in the States of Tamil Nadu, Karnataka, Orissa and Madhya Pradesh.  The debt funding for most of the above projects has been tied up and the Company is raising capital to execute the above projects. The project will have economic benefits by 1) providing a reliable source of income to local rural community out of their waste product 2) providing power in the power deficit state of Tamil Nadu 3) reducing reliance on electricity generated from fossil fuels such as coal and gas; 4) providing employment to local people during construction and during operation; 5) generating global benefits in the form of greenhouse gas emissions reduction
RSE Glenmark Glenmark Pharmaceuticals Limited (Glenmark or the Company) is a global research-led pharmaceutical company with presence across generics, specialty, and OTC business with global presence in over 80 countries. Glenmarks key therapy focus areas are respiratory, dermatology and oncology. IFC committed an unsecured A loan of US$40 million to Glenmark on February 12, 2021 through an allocation under the IFC COVID-19 response facility to fund the Company's ongoing capital expenditure program in India and proposed refinancing of foreign currency debt maturities (Project).   In June 2016, IFC had invested in convertible debt of US$75 million in Glenmark to finance the Companys expansion project at the time, which has now been completed. The Project (2021 investment) is linked to Glenmark (#38371, 2016 investment):  https://disclosures.ifc.org/project-detail/SII/38371/glenmark
CPLF- Hikal Hikal Limited (Hikal or the Company) undertakes custom manufacturing of key intermediates and active substances for pharmaceutical and agrochemical companies worldwide. Apart from the above, the Company provides process development and discovery research support.    Hikal is an existing IFC client and is embarking on a set of cleaner production initiatives at its facilities, including the establishment of briquette-fired boilers and a co-generation power plant, setting up a production line based on an enzymatic process that eliminates three key solvents from the production process, setting up a pilot plant to scale up the enzymatic processes for other products and establishment of effluent treatment and water conservation facilities. 1) Carbon footprint/ climate change:  The Project will replace furnace oil with a cleaner biomass based fuel. This is expected to achieve significant reduction in furnace oil consumption and GHG emissions. 2) Support to innovative "green" process: By promoting the enzymatic process, the Project will help in establishing more environmentally sustainable manufacturing processes for pharmaceuticals and chemicals.  3) Demonstration effects: Hikal''s cleaner production process can be expected to have a positive demonstration effect on its competitors, thus encouraging other Indian pharmaceutical and chemical companies to improve competitiveness and environmental standards. 4) Quantifiable water savings: The proposed effluent recirculation is expected to result in significant water savings of around 495 m3 of water per day.
Dakshin Project This proposed project involves an investment in a listed non banking financial company in India. The project will increase access to finance for small and medium enterprises (SME) in India who have limited access to formal sector lending. The Company''s diversified product offerings would also lead to increased access to affordable housing finance across India which has a much lower penetration of mortgage finance as compared to other emerging markets.
PNB HFL Project The proposed project would involve a senior loan of up to US$50 million to PNB Housing Finance Ltd. (PNB HFL). PNB HFL is targeting expansion of its affordable housing finance portfolio and has obtained RBI approval for a US$100 External Commercial Borrowings (ECB). The project is intended to support PNB HFL in increasing its reach in the affordable housing finance segments with additional focus on the low income states of India, women borrowers and for offering mortgage financing for green residential units. This will be PNB HFLs second debt raising in the foreign currency debt market.  The proposed investment is consistent with the World Bank Groups India Country Promotion Strategy (CPS) as it aligns with the engagement areas of (i) Inclusion  by improving access to affordable housing finance and enhancing investment in the low income states (ii) Transformation  through job creation by supporting the labor intensive affordable housing segment and (iii) Integration  giving increased access to financial services in Tier II and Tier III cities. 1) Increased access to finance access for Low and Middle Income Segments: These segments are characterized by low ticket sizes and not an area of focus for majority of banks and housing finance companies. PNB HFL is one of the few large HFCs which provides housing finance to the self employed and women clients. The Company is also committed to further expand its business in the low income states of India.  2)  Job Creation: Building affordable homes will increase construction activity which has positive linkage impacts on employment and growth.  3)  Green Mortgages: The company also proposes to develop, in consultation with IFC, suitably designed mortgage products which could finance "green" residential buildings.
Webdunia Project Project description   .  Webdunia is the leading provider of web-enabling technologies and content/media services in Indian languages.  Since inception in April 1999, the company has built a strong position in both the enabling technology and the media services components of the business and employs 125 people.    Webdunia offers a variety of Internet-based software applications for corporate partners and individuals, including webmail (590,000 users as of May 31, 2001), a transliteration engine (transferring Western characters into Indian languages via standard keyboard), search engines, e-greetings, discussion boards, and chat, in a total of 11 Indian languages.  The company operates portals in four languages (Hindi, Tamil, Telugu, and Malayalam).  In addition, it provides customized language-enabling services and content to corporate clients and government.     Developmental impact   .  Webdunia plays a unique role as an enabler of growth for the Internet in India.  With only 6 percent of the Indian population (approximately 60 million people) conversant in English, increased availability of content and applications in local languages will be necessary for broader adoption of IT and the Internet.  This will have a positive impact on delivery of social services and e-government, corporate productivity, and strengthening of local cultures.  Through the project, IFC has the opportunity to support this critical component of the IT infrastructure in India  and play a catalytic role in increasing Internet access to the large majority of Indians who do not speak English.     IFC Role   .  The proposed IFC participation in the project would help bring strategic and venture investors to the company during a period of severe pullback in investment activity in early-stage companies in India.  The impact on technology firms with an India-centric revenue model has been particularly harsh.  Potential strategic investors have indicated that IFCs participation in the round will enable them to invest.  In addition, IFCs participation would raise the profile of the company and assist in customer acquisition on both the corporate and government markets.  Finally, the project will provide an important precedent for local language-based business models which can address the need faced by many IFC client countries for local language software applications and content.  The companys platform is highly adaptable and could be taken into other markets with phonetic-based writing systems.
HFC Facility India Affordable Housing Finance Project (the Project)  The proposed project would involve an investment of up to  US$38 million in Non-convertible Debentures (NCDs) issued by  Aspire Home Finance Corporation Limited (Aspire) Micro Housing Finance Corporation Limited (MHFC), and Aptus Value Housing Finance India Ltd. (Aptus). The project is intended to support the housing finance companies (HFCs) in increasing its reach in the affordable housing finance segment.   The proposed investment is consistent with the World Bank Groups India Country Partnership Strategy (CPS) as it aligns with the engagement areas of (i) Inclusion  by improving access to affordable housing finance and enhancing investment in the low income states (ii) Transformation  through job creation by supporting the labor intensive affordable housing segment and (iii) Integration  giving increased access to financial services in Tier II and Tier III cities. -	Providing housing to the economically weaker segments: According to the housing plan of the Government of India, about 100 mn homes must be built in India, 95% of which will be in the economically weak and low-income categories - affordable housing segment. The above HFCs are exclusively focused on providing access to housing finance to low income borrowers, specifically those employed in the informal sector such as self-employed micro-entrepreneurs and un-organized sector salaried workers. This segment is largely ignored by the large HFCs and Banks owing to perceived higher risk profile of such borrowers and difficulty in credit assessment. IFC''s investment will directly expand the availability of housing finance to the low income and relatively excluded customer segments.   -	Job Creation: The construction industry is one of the largest employers of labour in urban India and affordable housing is the most labour intensive construction, providing high potential for employment opportunity to the urban poor. The provision of significant volumes of affordable housing finance will spur housing construction with positive linkage impacts on employment and growth.
KMB UT2 Project The project consists of a 15-year subordinated debt of up to $45 million for Kotak Mahindra Bank (KMB or the Bank). The IFC investment qualifies as Upper Tier II Capital per the guidelines recently issued by the Reserve Bank of India permitting banks to raise subordinated debt in foreign currency from foreign investors.  KMB is an existing client of IFC and is a medium sized bank with total assets of $2.3 billion (unconsolidated figure for year ended March 31, 2006).  It was founded by Mr. Uday Kotak as a Non Banking Finance Company in 1986 and converted into a full fledged commercial bank in 2003.  It has built up a network of 100 branches across 69 cities and towns, offering financial services to SMEs, retail individuals and corporates.  This investment is part of IFCs strategy of supporting professionally run, medium sized private banks to emerge as strong players in the Indian financial sector. The project is expected to:   - increase access to finance for the SME sector by supporting a bank with a focus on the SME sector;   - have a demonstration effect which will encourage international and domestic investors to come forward in providing such quasi-equity instruments to the medium to small sized private banks in India;  and - strengthen the presence of the private sector banks in India by helping increase the capitalization, and hence assets of private banks in a market where public banks are still dominating.
Dishman India Dishman Pharmaceuticals and Chemicals Limited (Dishman or the Company), incorporated in 1983, is one of the leading companies in India providing contract research and contract manufacturing services. Over the next three years, Dishman is undertaking an investment program (the Project) including the construction of new facilities at its existing manufacturing site in India, the establishment of a greenfield manufacturing facility in China and investments in overseas subsidiaries and joint ventures. The anticipated development impact of the project is as follows:     - south-south investment of an Indian company into China and transfer of knowhow for USFDS-approvable standards;    - lower the overall costs of medicines R&D and manufacturing for customers thus facilitating a more affordable end price of medicines for consumers;    - technology transfer to Dishman from its global pharmaceutical market clients and from Dishman of its knowhow in API manufacturing to its joint-venture partners; and    - a demonstration effect for others in the sector through Dishmans commitment to intellectual property rights and adherence to Indian environmental performance and labor standards.
Zephyr India III The proposed project is an investment in Zephyr Peacock India Fund III (ZP III or the Fund), focused on financing capital efficient and differentiated small and medium enterprises (SMEs) across India. The Fund will focus on taking significant minority positions in market leading, entrepreneurially-led companies in high growth sectors including businesses that serve the infrastructure sector, specialty manufacturing, financial services, pharmaceuticals and information technology (the target sectors).The proposed project is a successor fund to Zephyr Peacock India Fund II (ZP II), a 2008 SME-focused fund of $48 million. ZP II has invested in five companies (of which three are directly operational in low income states) across telecommunications and IT infrastructure services, renewable energy and healthcare sectors. (i)	Support of SMEs: Target investee companies will be SMEs, which are capital constrained and have very limited access to bank debt or the public markets to finance their growth strategies (ii)    Jobs: Investments in SME companies entering a growth phase leads to a substantial impact on job creation at a rate faster than the national average (iii)	Private sector development: Addition of value to portfolio companies by means of improved corporate governance and transparency while providing financial and operating expertise, evaluating new lines of business and sourcing strategic partners (iv)	ESG: Incorporating IFC environmental and social standards, thereby contributing to sustainable economic development
Omnivore III The proposed project consists of an IFC equity commitment of up to $12 million in Omnivore Agritech & Climate Sustainability Fund 3 (Omnivore III or the Fund), a venture capital (VC) fund. The Fund will invest in Agri and FoodTech companies in India, including companies with operations in India and Southeast Asia. The Fund will focus on investing in Farmer Platforms & Fintech, Precision Agriculture, B2B Agri Marketplaces, Farm to Consumer (F2C) Brands, Agrifood Life Sciences, and Post-Harvest Technologies.  The project is expected to be supported by the?Bill and Melinda Gates Foundation Inclusive Agritech Facility as described in the Blended Finance Section. - Stakeholders (Fund's portfolio companies): Increased access to early-stage venture capital alongside operational value add for AgTech startups in India 
- Stakeholders (Investee customers): Improved access to input and output markets for farmers in India. 
- Resilience: Reducing supply volatility through preserving and re-directing production and keeping trade flow. IFC anticipates the Project, along with several other projects in the pipeline targeting various links along the global food supply value chain, as well as corresponding responses from the World Bank, will enable the India (and global) food supply market to better withstand price and supply shocks. The Project will also improve integration through adoption of market-disrupting digital business models in the Indian agricultural sector.
Endiya III Project The proposed Project is for an equity investment of up to US$15 million into Endiya Partners Fund III (the Fund, operating as Endiya Partners). The fund will primarily concentrate on investing in Indian technology-enabled companies at the Seed to Series A stages. These investments will span across sectors including the digital industry, digital health & life sciences, and enterprise digital adoption. The Fund is expected to increase access to early-stage venture capital financing and value creation services for technology startups in India, resulting in business growth. A material share of investees is expected to have a women co-founder, thereby addressing gender divides. The project is also expected to strengthen market integration in the traditional real and financial sectors in India, through the expansion of investees with disruptive business models, via demonstration and replication and/or competition and innovation channels.
Azure Clean The Project involves development of a 40MW solar power plant in the low income state of Rajasthan by Azure Power India Private Ltd (Azure or the Sponsor), an existing IFC client, through a wholly owned subsidiary called Azure Clean Energy Private Limited (the Company). The Company has been setup for the sole purpose of construction, operation, and maintenance of the 40 MW project and will not have any other operations. The Project is expected to be commissioned by 28th April2015. The off-taker will be Solar Energy Corporation of India (SECI), a Government of India entity.  The Company plans to sign the Engineering, Procurement and Construction (EPC) and Operations and Maintenance (O&M) agreements for the Project with Azure. Increasing clean energy production: The project will directly contribute to increase the country's generation from renewable energy sources. The project is expected to generate up to 70GWh from 2015.  Climate Change Mitigation: IFC's investment will enable clean energy production that will help avoid GHG emissions, of approximately 53,054 tons of CO2 equivalent emissions per year beginning in 2015. Employment generation:  The Project will create employment opportunities during construction as well as operation.
Titan Project The proposed project comprises a primary equity investment in Federal Bank Limited (FBL or the Bank), the seventh largest private sector bank in India, for up to INR9.84 billion (approximately US$120 million equivalent), by International Finance Corporation (IFC), IFC Financial Institutions Growth Fund, LP (FIG), and IFC Emerging Asia Fund, LP (EAF). The primary equity will strengthen the Banks Tier 1 capital adequacy ratio, which will allow it to accelerate its lending, including to MSMEs and for climate finance. The investment will support the Banks commitment to financial inclusion and support it operationalize its strong commitment to sustainability and climate finance. The proposed transaction is subject to all required approvals. Stakeholders impact: 

Increased access to MSME and climate finance: The MSME sector is extremely critical for the development of the country and provides jobs to over 110 million people. Moreover, addressing climate change holistically and improving crisis resilience is important, and India requires access to substantial funding in order to meet its committed NDCs, to reduce the emissions intensity of its GDP significantly by the year 2030. The proposed investment would support the Bank in increasing funding to MSMEs and towards climate finance. 

Market impact:

Beyond the project, IFC expects that this investment will promote greater resilience in the market via innovation, demonstration, and replication channels. This approach is expected to demonstrate the viability of MSME and climate lending and encourage other Financial Institutions to follow suit.