devinitorg/iati-policy-markers huggingface dataset:
Bandhan Project IFC proposes to invest in Bandhan Financial Services Limited (Bandhan or the Company), the fourth largest microfinance institution (MFI) in India. Bandhan operates in 18 Indian states in the northern and eastern parts of the country, including some of the poorest states, where population density is high and microfinance penetration is low. The Company focuses primarily on providing microloans to women micro-entrepreneurs in rural and urban areas.  Bandhan today has about 3.0 million borrowers and a loan portfolio of about US$520 million equivalent.  The proposed project intends to help Bandhan increase its outreach in the states where it operates as well as expand its operations in other states, where access to finance is most scarce; diversify its product base; and establish international best practice in its operations and governance. The proposed project is expected to have a high developmental impact by: (i) increasing access to finance in some of the poorest states in the northern and eastern parts of India; (ii) promoting a more balanced growth of microfinance in India. Most of the MFIs operating in India are concentrated in southern India. Bandhan's operations are largely in the northern and eastern part where microfinance penetration is very low and very few MFIs of significant size are located; (iii) contributing to employment creation and poverty reduction in each of the states where Bandhan operates; and (iv) providing capacity building support in areas such as governance, product development and environmental and social standards so as to establish best practice.
FCL II Project Future Consumer Limited (FCL or the Company) is an integrated food and Home & Personal Care (HPC) company that markets a portfolio of brands. These brands are backed by a network of agricultural commodities sourcing centers and  manufacturing facilities across India. FCL is publicly listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).   The Company plans to raise capital for (i) investment in development and expansion of manufacturing and processing operations for food and HPC products; (ii) expansion of its rural distribution network; (iii) working capital requirements; and (iv) meet upcoming debt repayments (Project). Stakeholders Impact:
IFC expects that the Project, through the introduction of new products and an increase in production, will increase the procurement of food produce sourced from local farmers, thus increasing farmer incomes. The penetration of FCL's wholesale centers in rural areas combined with its retail management platform will benefit small retailers through the introduction of technology and infrastructure. IFC also expects long-term benefits for end-consumers in terms of safer and higher-quality food products and lower product prices. Beyond the Project, IFC anticipates that the investment will promote greater market competitiveness via demonstration and replication.
Orchid Chemicals & Pharmaceuticals Ltd. OCPL is an existing company with a capacity to make around 665tpa cephalosporins and other pharmaceutical products at Alathur near Chennai. More than 80% of its production is currently exported to Asia, the Middle-East. Small quantities also go  to Latin America. The turnover for the current year, ending March 2001, is estimated at US$89 million. The company is expecting  to earn a net profit of US$8.5 million. The project envisages expansion and diversification of the company''s product mix and geographical reach so as to include developed countries and as to be able to sustain its business even after WTO regulations are in place.    With its support to OCPL, IFC will assist a medium-sized company to grow and transform itself from a bulk drug company into a well-integrated pharmaceutical company with strong capabilities in research and formulations business. In this way, OCPL would be in a position to sustain its growth and profitabilty and expand its operations into the regulated markets.    The project will significantly demonstrate how domestic companies can shift gears to meet emerging challenges (WTO induced regulatory reforms) and simultaneously use their strong comparative advantages, of low cost production and pool of trained scientists, to exploit the opportunities that are likely to be available in the domestic market.
Azure Power Azure Power India Private Limited (Azure Power or the Company) will build, own and operate multiple independent solar power plants. It has received approvals to commission over 22 MWs across several Indian states and proposes to install 100 MW by the end of FY2015. The first private MW scale grid connected solar power plant is expected to be commissioned in Punjab by December 2009. The Project is defined as the 4MW expansion in Punjab and a 8MW power plant in Gujarat by the end of FY 2010. The project is expected to have the following development impact:
- CO2 emission reduction. 
There are no carbon emissions associated with the production of electricity from the operation of solar energy plants. Once fully operational, the project has the capacity to produce over 25,000MW-hrs of clean electricity each year which should significantly reduce CO2 emissions.

- Employment creation. 
The project will provide permanent employment opportunities for low and medium skilled labor for locals.
	
-Support regulatory framework in India for solar energy. 
The project aims to support the development of a regulatory framework for solar energy as a key source of renewable energy in India.
Bhilwara Captive LNJ Power Ventures Limited (the Company) is a project SPV established by Bhilwara Energy Limited (BEL) to develop and own a 20MW wind power project in Jaisalmer, Rajasthan, under the Group Captive Scheme in India (the Project). The Company will be owned 74% by BEL (or a wholly-owned subsidiary of BEL) and 26% by RSWM Ltd. (RSWM).   RSWM is the flagship company for yarn and textiles manufacturing business of the LNJ Bhilwara Group. It operates several manufacturing facilities in Rajasthan. RSWM generates the majority of its electricity requirement through captive projects. This Project will enable RSWM to increase renewable energy consumption for its activities. The entire power generated by the Project is expected to be utilized by facilities owned by RSWM.  The Project is expected to be commissioned by March 31, 2013. 1. Access to Electricity: The Indian power sector continues to be marked by severe demand-supply gaps, including power for industrial/commercial use. IFC''s investment will enable the development of new power generation capacity in the country with a shorter gestation period than other sources of power generation such as thermal and hydro.   2. Climate Change Mitigation: IFC''s investment will enable clean energy generation that will help avoid GHG emissions of approximately 33,000 tons of CO2 per annum.  3. Inclusive Growth: IFC''s investment will help establish a clean energy project for industrial usage in the Low Income State of Rajasthan.
DFP Baring Asia Credit III IFC proposes an equity investment of up to US$40 million in BPEA Credit - India Fund III Limited (Fund or Fund III), a Mauritius public limited life company limited by shares. The Fund will invest predominantly in senior debt instruments of corporates that are primarily based in or have substantial operations in India
DCM Chola FY24 The proposed investment comprises an IFC own account debt investment of up to US$150 million in Cholamandalam Investment and Finance Company Limited (Chola, or the Company). The entire proceeds from IFCs investment will be used by Chola towards on-lending for affordable housing finance. At least 25% of the issue proceeds for providing affordable housing finance to women borrowers. Stakeholders impact: 

Improved access to finance for affordable housing: Limited penetration of affordable housing is a key challenge in the Indian housing market. An estimated 275 million people (22% of the population) lack access to adequate housing, and rural housing shortages are twice as high as urban shortfalls. The Project will support access to finance for affordable housing, including to women borrowers.


Market impact:

IFC's investment, combined with its other systematic engagements in the affordable housing sector, will enhance competitiveness in the Indian affordable housing market, including the promotion of housing for women. Thus, beyond the project level outcomes, IFC anticipates that this project will promote greater competitiveness in this segment, by demonstrating the viability of providing such financing to lower income segments, including for women.
Onsurity Project IFC is considering an equity investment into Onsurity Technologies Private Limited (Onsurity or the Company), a full stack employee healthcare insurtech in India that offers MSME employees and their families comprehensive health plans in the form of health insurance, including wellness benefits, for these members. The most significant expected Project level outcome is increased affordability and access to health insurance, as the Project will support the expansion of an employer sponsored group-based insurance cover for MSMEs employees, a largely unserved segment. Furthermore, the Project is expected to contribute to greater competitiveness in the insurance space, by demonstrating the viability of providing group-based insurance coverage to low income, unserved segments who are employed by MSMEs.
PNBHF Green bond The proposed project involves the subscription of Non-Convertible Debentures (NCDs) issued by PNB Housing Finance Limited (PNB HFL or the Company), an established housing finance company in India. The proceeds from the NCD issuance will be used to finance construction of "green" residential apartments/buildings. The construction standards would be certified by acceptable green building certification standards including EDGE (certification program developed by IFC). The IFCs EDGE Building program is focused towards scaling up green buildings and has been launched in 100 developing countries. The program leverages IFCs green buildings investments to initiate a virtuous circle of supply and demand. IFC has invested nearly US$ 1 billion, either directly or via intermediaries, in green buildings in the last three years. 1. Green housing Construction: The proposed investment is expected to generate significant environmental and economic benefits through the development of energy efficient housing construction projects. The investment is expected to reduce 1500 MT of GHG emissions per annum and also would help establish a market and an ecosystem for green housing construction in India. 2. Job Creation: The construction industry is one of the largest employers of labor in urban India and provides high potential for employment opportunity to the poor. The proposed investment would, therefore, directly contribute to job creation.
GEF PVMTI Shell Renewables The company plans to retail solar home systems, shop lighting and other PV products through its network of retail outlets.  The project aims to enhance significantly the rate of consumer adoption of high quality products sold with consumer finance and after sales service.     This is a project financed by the IFC/GEF Photovoltaic Market Transformation Initiative (PVMTI). The Global Environment Facility (GEF) has provided $30 million in concessional funds to IFC to support investments in private sector projects to encourage market development for photovoltaics.  PVMTI aims to address market barriers by making available appropriate financing and stimulating business activity, accelerating PV penetration to achieve reductions in greenhouse gases. By harnessing the innovation and discipline of the private sector in designing and implementing PV projects, IFC is helping to shift the design and financing of PV market activity to a more sustainable and replicable private sector context.    By investing PVMTI funds in the project, IFC intends to support the demonstration of a successful and replicable business model for the Indian PV market.
Oriental Carbon and Chemicals Ltd. The Project Company is Continental Carbon India Limited, which has acquired the carbon black division of OCCL. OCCL is a second tier chemical company in India, established in 1978. OCCL underwent a major corporate restructuring in 2000, with the sale of its carbon black business as part of the project.     The carbon black division of OCCL is currently the fourth largest produc  er of carbon black in India.   T  he project includes a three-stage investment program including:  debottlenecking of the existing carbon black facilities, expansion of the carbon black facilities, and expansion of the electrical co-generation facility.      IFC investment will help the Indian government pursue its endeavors in the corporate restructuring by attracting foreign investment in one of the poorest regions in the country.  IFC investment will also contribute to creating a world-class private company through the transfer of state-of-the-art technology and managerial know-how from the sponsor.  The project will have a positive social impact by preventing layoffs that would be very likely had OCCL not found a strategic partner for its carbon black business.  In addition, the sponsor will have a systematic education program for the local employees.
DSCL Bharuch Expansion DSCL is a mid-tier Indian company with an annual FY07 turnover of about $620 million.  For 9mFY08, its four major businesses (chlor-alkali, PVC, urea and sugar) collectively represented 73% of sales and nearly 100% of pre-tax earnings.  DSCL also has smaller businesses to complement its main products, which include marketing of agri-inputs, value-added PVC products and hybrid seeds.  DSCLs chemicals facilities include a large integrated unit in Kota, Rajasthan and a stand alone chlor-alkali plant in Bharuch, Gujarat.        The proposed transaction is for an IFC exposure of up to $54 million, primarily for DSCLs ongoing expansion of its chlor-alkali capacity at Bharuch from 200 tonnes per day (tpd) to 435 tpd, modernization projects at its Kota facility and towards financing other normal capital expenditure. The key development impacts will be:   - Increased Rural Inclusion:  With IFCs support the company intends to develop a systematic community development approach to:   - improve the overall effectiveness of its programs;  - ensure that its rural outreach is efficiently leveraged; and  - provide benefits for the economically underdeveloped areas around DSCLs sugar mills so far not covered under any programs.  - Increased Competitiveness:  Through implementing this project, DSCLs Bharuch facility would achieve increased output and significantly lower energy costs, making it one of the low cost domestic facilities.
Lok II Project Lok II (Lok II or the Company) is a limited liability company to be established under the laws of Mauritius, with a term of 10 years, dedicated to investing and supporting the microfinance sector in India.  The Company intends to raise $80 Million in total commitments and seeks to make 10-12 equity or quasi-equity or equity-linked investments in microfinance institutions and companies that support the growth and sustainability of the microfinance ecosystem including micro-insurance, housing finance, mobile payments, remittances, healthcare and education. The proposed investment is expected to have the following development impact: i) increase access to finance by reaching low-income families through MFIs, ii) provide goods and services to low-income families by investing in companies that serve the BoP, iii) build institutional capacity through technical assistance, and iv) support the growth of the microfinance sector.
DCM MRHFL 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 Rural Housing Finance Limited (MRHFL or the Company). The proceeds of the IFC investment will be used to provide finance for affordable housing in rural and semi-urban areas of India. Increased housing finance access to low income segment: The IFC investment will provide a reasonable amount of incremental funding to enable the Company to provide additional housing finance loans to low income households. Low income households are underserved by the larger financial institutions and IFC's investment will directly expand the availability of housing finance to this relatively excluded segment.

Job creation: The project will create demand for housing and thereby support the construction sector which is one of the largest employers in communities making the rural urban transition.
Waycool Project The proposed project is an equity investment of up to US$15 million in WayCool Foods and Products Pvt Ltd (WayCool or the Company) based out of India. WayCool is a leading tech enabled business to business (B2B) ecommerce player in India that procures, processes and distributes fresh produce (fruits and vegetables), staples (like grains, pulses and sugar), processed food items including dairy and fast moving consumer goods (FMCG) to a diversified customer base of mom-and-pop stores (kirana stores), offline and online modern retailers and processors. Expected development impact includes: (i) Improved access to markets, potentially resulting in increased incomes for farmers and enhanced productivity growth for small retailers (ii) Increased integration of the food value chain in India, via competition and innovation channels.
CMScomputers CMS Computers is one of the largest IT service companies serving the domestic Indian market.  The company was founded in 1976 by CEO Ramesh Grover, Varun Prasad and S. Ramadorai, all veterans of IBM.  

The company is playing a major role in providing necessary and fundamental services that are essential to the countrys continued growth, particularly in areas such as e-Government, field engineering, print solutions and cash management.  IFC will provide growth capital to fund rapidly expanding operations and extend the companys presence throughout India.
Clearwater India Limited The proposed project envisages a senior debt investment in an onshore lending platform, CIL (the Company). CIL, an NBFC registered with the RBI, was set up in 2005 as an onshore primary lending platform. CIL is now being incrementally capitalized and plans to scale up significantly to lend to well-secured, operationally-viable but financially stressed Indian companies backed by hard assets and cash flows in the real estate and non-real estate sectors. CILs value proposition is based on stressed/special situations which include refinancing, last mile financing and working capital term-outs for maturity mismatches.   IFCs proposed investment in CIL will provide capital support at a time when there is limited bank financing to support companies through stressed and distressed situations and lay the foundation for effective asset investment and a credit solution culture. 1.	Enable stressed Indian companies to (re)finance their existing debt with terms that allow them to recover/rehabilitate and grow. Currently, local bank financing is limited to this type of debtor. The inability to access (re)financing capital could drive these stressed companies, mostly SMEs, to become NPAs or go into liquidation.  2.	Lay foundation for the development of effective stressed/distressed asset investment and credit solution culture which, in turn, contributes to the stabilization of the Indian financial system.   3.	Contribute to the recovery of SMEs (CIL target clients) that have been unable to honor their debts due to financial difficulties. The specialized credit solutions of stressed asset investors, like CIL, significantly increase the likelihood that these borrowers can reach restructured loan agreements to avoid losing their assets and, ultimately, re-enter the formal banking system.
Niko Resources The Hazira development involves the expansion of the Hazira production capacity.  The development program will entail drilling and completion of 17 wells, the construction of an offshore platform and installation of subsea equipment.  The Surat project involves the drilling of up to 15 development wells and installation of tie-in pipelines to a nearby national grid.       Promoting development of domestic gas resources   :  The project will contribute to developing India''s scarce domestic gas reserves. India is the world''s sixth largest energy consumer, but is strongly deficit in oil and gas. While the country''s consumption of natural gas has risen faster than any other fuel in recent years, natural gas still contributes to less than 10% of India''s total energy consumption. In the absence of major new sources, total domestic gas production is forecast to sharply decline over the coming decade.    Enhancing availability of a cheaper and clean fuel   : Gujarat''s power sector is strongly dependent on more expensive naphtha supplies or relatively inferior coal brought from India''s central and eastern states. The project will strengthen availability of locally produced gas as fuel for power generation, city gas distribution, and for small industry. In addition to lower cost, increasing availability of gas offers advantages of promoting use of a more clean and convenient fuel in the state.      Promoting private sector participation:     Since the early nineties, India has implemented strong policy changes to encourage private and foreign investment in its E&P sector. Although success remains moderate, a number of small local and foreign companies such as Niko have successfully entered the sector and seek to grow their operations. IFC''s investment in this project will help support a growing private sector role in the upstream hydrocarbons sector.     Direct economic benefits:     The government will receive payments from royalties, production sharing and corporate taxes.     IFC Role:           For a small private player in a sector dominated by public sector enterprises, IFC''s support to this project will help the company move to the next phase of growth in its operations in the country.  Niko has generally not relied on long term debt in the past to support its international investments in India. Niko does not have an Indian subsidiary, based on tax considerations, and is unable to raise finance locally from Indian banks. Niko has sought IFC''s involvement, looking to our strong operating familiarity with the Indian environment, to support its current debt program.
Fullerton NCD Fullerton India Credit Company Ltd. (FICCL) is a fully owned subsidiary of Temasek, through its holding company Fullerton Financial Holdings (FFH). FICCL has a strong focus on rural and urban micro lending and also caters to mid sized SMEs. As of March 31, 2014, FICCL has total assets under management of around US$ 1 billion and has reached out to more than 1.1 million customers. IFCs investment in FICCL would demonstrate its support to an NBFC focused on providing financing to the base of the pyramid and increase FICCLs reach in rural and SME lending space. 1. Demonstration effect: In the current market environment, the proposed investment would encourage other institutional investors to consider investment in the Indian Financial or NBFI sector.   2. Addressing a range of microfinance needs: FICCL is one of the few players who have the capability to reach out to large number of unbanked customers and create impact by offering a variety of products to the whole spectrum of MSME -viz.  microfinance through group model, individual loans to micro enterprises/ "missing middle" as well as comparatively larger and formalized SMEs.   3. Additional Reach: The investment is expected to reach an additional 1.4mn micro lending customers and 11000 SME lending customers between FY14-19, over to an existing customer base of 1.1mn.  Moreover, the company is expected to provide over 5mn loans and distribute insurance products to additional 0.5mn customers, during FY14-19.