devinitorg/iati-policy-markers huggingface dataset:
JK Paper III 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; }           JK Paper Limited ("JKPL" or the "Company"), an existing IFC client, 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. IFCs investment aims to help the Company improve its productivity and restructure its balance sheet, in the process preparing the Company to capitalize on growth opportunities expected to be available in the sector in the short to medium term. The proposed project consists of (i) capacity and efficiency improvement capital expenditures at the two existing plants and (ii) refinancing of existing debt (together, the "Project"). 1. Strengthening Domestic Capacity:  IFC's investment will help to consolidate and strengthen India's domestic capacity in the sector and enhance manufacturing capabilities, thus improving its competitiveness against imports. 

2. Climate Change Mitigation:  The Project will support the Company's efforts to make its plants more energy efficient by reducing the usage of water and coal. In addition, the Project supports a company that now plants more trees than it consumes, consequently helping to mitigate climate change and making JK Paper a net green company. The Project will thus help set the benchmarks in a sector where environmental footprint is a major issue.

3. Supporting Rural Incomes:  The Company's strong farm forestry program that was bolstered by IFC's previous Advisory initiative completed in 2014 continues to enhance productivity, provide regular offtake, and hence improve the income stream of local farmers. The Company currently works directly with more than 20,000 farmers. IFC will explore possible re-engagement on the Advisory Services front in order to widen and further add to the impact already achieved through the earlier advisory project.
Medgenome Project The proposed equity financing is for Medgenome Inc. (Medgenome or the Company), Indias leading genetic diagnostics, research and data licensing player. Founded in 2013, MedGenome is a genomics and clinical data driven diagnostics and research company with a focus on next generation sequencing (NGS). It is leading genetic diagnostics player in India with a footprint across South Asia and is set to expand its operations into other geographies. Company is headquartered in Foster City, California and has a state-of-the-art, College of American Pathology (CAP) certified lab and research center in Bangalore, India. Expected development impact includes: (i) Access to genetic diagnostic services and targeted medication (ii) Market creation by significantly deepening the genomic segment via demonstration and replication, and capacity building channels.
Belstar Project Belstar Investment and Finance Pvt. Ltd. (Belstar or the Company), is the microfinance delivery arm of the Hand in Hand (HIH) group in India, was acquired in 2008. The Companys product varies from the typical microfinance group loan which is mostly for consumption and focuses more on creating microenterprises  trying to bridge the missing middle, by providing enterprise loans which are normally not provided by commercial banks. Apart from microfinance, HIH  provides technical support, training and advisory support and also helps customers to link up with larger organizations to ensure that these family or group based enterprises are sustainable.    Belstar plans to raise equity capital of INR 175 mn (USD 3.6 mn) in FY 2010 to enable it to kick start the transformation of the NGO and fund its growth. The project is expected to provide access to finance to more than 300,000 women, engaged in micro enterprises.  Belstar will primarily focus on providing microfinance for creation of sustainable micro enterprise in the missing middle segment.     Belstar will operate primarily in the rural areas and support to the Self Help Groups and the women entrepreneurs to enable them to build sustainable enterprise along with HIH.
Multiples IV IFC proposes an equity investment of up to US$60 million and an additional co-investment envelope of up to US$40 million under the delegated authority framework, in Multiples Private Equity GIFT  Fund IV (the Fund or Fund IV), a mid-market private equity (PE) fund focused on growth transactions in India and, together with Multiples Private Equity Fund IV (India Fund) is targeting US$800 million to US$1 billion 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 financial services, consumer, technology, healthcare and pharmaceuticals sectors. The Fund is expected to size its average ticket per company in the range of US$50-US$150 million in 10-12 companies. The Fund will increase access to growth stage capital and support value creation for 10-12 mid-market companies in India. While India has significant PE investment volumes with a relatively small gap in access to capital compared to other emerging markets, mid-cap companies still struggle to attract as much interest from investors as venture capital (VC) or larger-ticket deals. Following the strategy Multiples developed over previous funds, the Fund will support its investees' growth through organizational and operational support. Beyond the project, IFC's continued support to Multiples will also strengthen the competitiveness of the mid-cap market segment via demonstration channels and encourage other fund managers to raise funds targeting this segment. The Fund's success will also attract other domestic institutional investors in follow-on funds, increasing the market's depth and continue to reduce the need for DFI involvement.
Multiples is also one of the few female-led funds active in the Indian PE market. Women are significantly underrepresented among the investment decision-makers at fund managers, where globally only 12 percent of senior employees and only 20% of overall employees are women. The Indian PE industry has lagged even these low global averages, with female representation within PE at only 9 percent. While achieving gender parity in the Indian fund management industry is a longer-term objective, Multiples continued success will send a strong positive signal in female-led managers and further build momentum towards greater female representation in the Indian PE market
DCM MMFSL 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 proposed project comprises an investment in non-convertible debentures to be issued by         Mahindra & Mahindra Financial Services Limited (MMFSL or the Company). The proceeds of the IFC investment will support lending by the Company         to the agricultural sector and will be on lent to finance agricultural equipment, mainly tractors and a range of utility and commercial vehicles. The Facility will primarily benefit borrowers in rural and semi urban locations across in India and largely in Lower Income states. Access to finance: The project will increase access to finance for the underserved farmers and Agro related SMEs in rural and semi- urban areas and contribute to the economic empowerment of households. 

Job creation: Providing asset finance to Agro related small & micro business will enable them expand their operations and create more employment opportunities. 

Support Agricultural mechanization: Availability of tractors and other farm equipment will support agricultural mechanization and improved farm productivity and efficiency and boost production.
Kanoria Chem Kanoria, which was established in 1960 to set up production facilities of chlor alkali chemicals, has since diversified into other specialty chemicals such as alcohol chemicals and various chlorine derivatives.  As a result, over the years, Kanoria developed a strong manufacturing capability and integrated production facilities in Renukoot, Uttar Pradesh and Ankleshwar, Gujarat.    The company is now in the process of increasing the production capacity of its caustic soda and chlorine derivative products to improve its profitability and growth while better serving the increasing needs of its growing customer base.  In addition, the company plans to invest over $25 million to gradually reduce production of caustic soda based on mercury cell technology by increasing production based on more environment friendly membrane cell technology. The company also has plans to finally phase out its mercury-cell based caustic soda capacity and replace it with more environmentally friendly membrane-cell based technology over the next few years. The proposed investment plan is expected to assist Kanorias efforts to become more internationally competitive by improving the companys operational efficiencies, rationalizing its capacities to meet market demand and achieve economies of scale.  Specifically, the following developmental benefits are expected to be achieved:   - Sustainability Impact:   The replacement of the companys mercury cell plant with a significantly more environmentally friendly membrane cell plant, in addition to the upgrading of the companys health and safety practices, would be among the benefits realized by the company.  The companys shareholders and management have developed a time table to eliminate mercury cell technology from its operations.  In addition, this conversion will have additional positive environmental impacts since the new membrane cell plant will be about 20% more energy efficient than the mercury cell plant.  Moreover, over time the companys need to handle and sell liquid chlorine is also expected to reduce.   - Community Engagement:    Kanoria is active in various community and social development programs.  The increased financial stability afforded by the IFC financing should enable the company to afford to continue with such efforts.  - Local Expenditures:  The company sources a significant amount of materials and other services from local sources.  As the company and its operations grow, such purchases from local suppliers and service providers should also increase.  - Preserving Employment: The company currently employs 1,055 salaried employees and an additional 1,295 contract workers.  The IFC financing is expected to help the company preserve jobs in a competitive and capital intensive industry.  The key development indicators that are proposed to be monitored during the life of the IFC investment are:   - reduction in amount of mercury sludge discharged;  - reduction in amount of liquid chlorine sold;  - annual spending on local SME suppliers;  - annual spending on/implementation of community and social development programs; and  - direct employment levels.
RKF COVID Response The proposed investment is by way of (a) subscription to unlisted, secured non-convertible debentures (NCDs) up to INR1,100 million (equivalent to US$14.6 million) issued by Ramkrishna Forgings Limited (RKFL or the Company), and (b) at IFCs option, subscription to NCDs and/or an equity/quasi equity instrument, aggregating up to INR400 million (equivalent to US$5.3 million), issued by the Company (the Project). The Project will finance the Companys long-term working capital requirements, maintenance capex and other general corporate purposes at its existing facilities in India and provide a much-needed liquidity during the COVID-19 crisis, which will enable a swift recovery once operations ramp up.     RKFL, an existing IFC client, was established in 1981 and is one of the leading forged component manufacturers in India supplying to major manufacturers of commercial vehicles and to the railway sectors. The Company operates six manufacturing plants in the states of Jharkhand and West Bengal. Stakeholder effects: IFC's financing will sustain the Company's ability to maintain operations and be in a better position to deliver goods and services to the commercial vehicles and railways segments during the recovery period as the crisis abates. IFC's financing will also help to preserve more than 1,700 direct jobs as well as indirect jobs across the supply chain during crisis.
Resilience: The proposed investment promotes the resilience of the Company through supporting the sustainability of domestic manufacturing of forging components at competitive prices, supplying the essential products to the economy-critical industries such as commercial vehicles and railways.
ESIP EyeQ Project The proposed investment consists of up to INR 340 million in equity for a minority stake in Eye-Q Vision Private Limited (EyeQ or the Company) in order to finance the expansion of the Companys eye care services network in India. The proposed investment is closely aligned to the World Bank Group''s strategy for private sector health care in India.  The World Bank Group seeks to engage the private sector to increase and improve access to affordable, quality health services, particularly in underserved geographies such as Low-Income States and Tier II-III cities, while reducing the burdens of out of pocket health care expenditures.  -	Increase in patients reached (IDG 2): Expected to increase the number of patients reached by EyeQ''s healthcare services and contribute to IFC''s IDG 2 (patients reached) targets.  -	Reaching underserved geographies: Reducing geographic barriers to treatment and bringing eye care facilities closer to underserved patient populations. EyeQ''s strategy is to focus on areas outside of India''s major metros - currently about 90% of centers are in Tier II-III cities and more than 25% of centers are in Low-Income States of India. -	Enhancing the country''s medical infrastructure: EyeQ plans to scale up its network, thereby enhancing the infrastructure for eye care in India, in addition to improving access to high quality service and improving health outcomes through standardized processes. -	Increasing affordable access: The proposed Project targets to provide affordable and high quality eye care services. This is expected to have a demonstration effect on other players in the eye care and broader healthcare sector.  -	Employment generation: Expected to create additional skilled jobs (doctors, nurses, operations personnel etc.) including in Tier II-III cities. Of note, over 35% of EyeQ''s employees are women.
Home First Debt The proposed Project comprises of an up to INR 2.8 billion (approximately US$35 million) investment in Home First Finance Company Limited (Ltd) (Home First, the Company) through up to 7-year debt. The proceeds will be utilized to provide financing for retail buyers of affordable housing and green affordable housing units. The Project is expected to provide counter cyclical support for the housing needs of lower income groups, who have been severely impacted by the disruptions caused by the Covid-19 pandemic, as well as support green affordable housing, which is still underdeveloped in India, particularly in the affordable segment. Subject to internal approvals, the Project may receive support from the Market Accelerator for Green Construction (MAGC) Program as discussed in the Blended Finance Section. Stakeholders impact: 

Improved access to affordable housing finance and green affordable housing finance: IFC anticipates that the investment will increase retail borrowers access to housing finance and green housing finance, and encourage homeownership for low-income segments. Rapid urbanization in India has led to several challenges including congestion, pressure on basic amenities, and severe housing shortages in cities, especially in the low-cost segment. 
Limited penetration of green housing is another key challenge in the housing market in India. IFC estimates a total green buildings/housing investment opportunity of US$1.4 trillion in India from 2018 to 2030. 

Market impact:

Competitiveness: IFCs support to the Project, along with IFCs other systematic engagements in the affordable housing segment, will promote greater competitiveness in the affordable housing market in India, including supporting the development of green affordable housing. The housing market in India is very active with both banks as well as NBFCs and HFCs providing housing finance. However, a large proportion of the housing finance focuses on higher income groups, and low and middle-income groups remain unserved/underserved. Although IFC has been supporting the development of affordable housing financiers through continued interventions, the shortage of affordable houses and affordable housing finance is substantial and would require continuous ongoing support.  In this context, the Project will demonstrate the viability of providing housing finance to lower-income groups at scale, and will also support the development of green affordable housing.
RSE COVID Dodla II Dodla Dairy Limited (Dodla or the Company) is a leading dairy company based in Southern India with products across the entire milk value chain ranging from fresh milk to value added dairy products. The Company offers wide range of products comprising of fresh milk, curd, ice cream, butter, ghee, paneer, flavored milk, etc. The Company also has overseas operations in Uganda and Kenya, where it manufactures liquid milk, flavoured yoghurt, Ghee, Paneer, and Cheese under the brand name Dairy Top.   This project is linked to Dodla Dairy (#42009): https://disclosures.ifc.org/project-detail/SII/42009/dodla  IFC committed INR 1,000 million (approximately US$15 million) to Dodla on February 02, 2021 by way of subscription to equity shares of the Company to support the general capital expenditure and working capital requirements of the Company. The investment has been committed from two projects, INR 500 million committed from project #44940, and an approximately equivalent amount from project #42009.
Aavishkaar Goodwell India Microfinance Development Company II Aavishkaar Goodwell India Microfinance Development Company II (the Fund or Aavishkaar Goodwell II) is a ten-year closed-end private equity fund which is dedicated to investing in and supporting enterprises active in the microfinance sector in India.  Aavishkaar Goodwell II aims to raise $100 million in total capital commitments, and intends to provide long-term capital and active support to microfinance institutions, as well as innovative enterprises that enable growth and value creation in the microfinance sector. Aavishkhaar Goodwell II will have the following development contributions: i) increase access to finance for low-income families in rural areas and low-income states, ii) provide support to a local emerging fund manager expand its reach into new geographies, iii) develop commercial proof of concept for MFI funds model, and iv) through the Fund, invest in growth companies that are expected to create economic benefits and employment opportunities for the community.
Chola NCD Project The proposed project envisages a Tier II debt investment in Cholamandalam Investment and Finance Company Limited (Chola or the Company) which is a leading NBFC headquartered in Chennai, Tamil Nadu. It is primarily focused in the rural and semi-urban sector with 90% presence across Tier III and Tier IV towns and has a loan portfolio of approximately INR220,000 million (US$3,225 million equivalent). The core business segments include vehicle finance, home equity loans, corporate finance, stock broking and distribution of financial products.  The shares are listed in the Bombay (BSE) and National (NSE) Stock Exchanges.  IFCs proposed Tier II investment in Chola will provide capital support at a time when there is significant stress in the economy impacting the CV sector, as well as help the Company to diversify its sources of funding and to scale-up its operations in several low income states. 1.	1.	Additional Reach: The Company is expected to increase its customer base by 400,000 customers over the next few years. 2.	Growth in low income states (LIS): Currently, Chola has ~ 40% of its pan-India footprint in low income states. It is expected that more than 50% of Chola''s portfolio will be in low income states going forward.
IDG Ventures India Fund III LLC The proposed project consists of an equity investment of up to US$ 20 million in IDG Ventures India Fund III LLC (the Fund or IDG III), a self-managed closed-end fund domiciled in Mauritius with a target size of $200m. The Fund seeks to focus primarily on Series A/B investments with selective seed and later stage investments in technology and technology enabled companies in India across Consumer Internet, Software, Health-tech and Fin-tech sectors. (i) Global expansion of local businesses: The Funds affiliated with IDGVI have invested in over 60 early stage companies in India since 2007. These Funds have supported, mentored and grew many of those to become regional and global brands. In the current fund, IFC will be supporting 40+ early stage Indian companies to grow and gain access to international capital markets.
(ii) Job creation and economic growth: Based on IFC's experience, venture capital funds such as the Funds affiliated to IDGVI contribute meaningfully to job creation and economic growth.
(iii) Access to capital: Access to equity is difficult for asset light businesses such as technology firms. IFC commitment would provide the necessary patient capital to support and grow such businesses.
(iv)Governance, operational and E&S improvements: IFC will guide and ensure that local businesses implement best practices in various fields.
INDOSPACE LOGISTICS PARKS III LP Supply of high quality industrial and warehousing property assets in India's core industrial areas is very limited with demand far exceeding supply and resulting in lost opportunities for industrial growth and job creation. The Project will bring in a significant new supply of industrial and warehousing infrastructure for rent in locations across the country, including low income states in India. The modern high quality industrial and warehousing parks developed by the Project will reduce operating costs and improve efficiency in the entire supply chains of manufacturing companies and logistics operators, which will trickle down to lower cost of goods and services. It will also enhance ease of doing business in India, thereby attracting valuable foreign investment and anchoring manufacturing growth. 

The Project will foster the creation of direct jobs during both the construction and operation of properties. The project will also support a significant number of indirect jobs through the supply chain.

The Project assets, once developed, will constitute an attractive pool of matured, institutional-quality property assets that are expected to be aggregated into a portfolio. This portfolio of matured assets as it evolved will become a significant private or public REIT-platform, thus contributing to debottlenecking the evolution of this still embryonic property-based financial market in India.

Lastly, the warehouses under the Project are expected to be certified IFC EDGE compliant with potentially at least 20 percent savings in energy, water and materials consumption compared with benchmarks for equivalent buildings.