devinitorg/iati-policy-markers huggingface dataset:
Cosmo II Project Cosmo Films Limited (Cosmo or the company) is an existing IFC client, with total revenue of $69.6 million, at FY04 ended March 31. Cosmo is the largest producer and exporter of BOPP films in India and one of the top 15 players in the world. The company with an existing capacity of 60,600 tonnes per annum (tpa) has plants located in Aurangabad (Maharashtra) and Vadodra (Gujarat). At present, Cosmo has a dominant 35% share of the domestic market and a 75% share of BOPP film exports from India. The company manufactures commodity BOPP films for print lamination, packaging and special value added products like high barrier film, synthetic film, high yield white opaque film, extrusion coated film etc. Cosmo is recipient of various awards for their R&D innovations and exports. 

The company has requested IFC to invest equity of up to $4 million, to support and strengthen its future growth plans.
GEF PVMTI Aqua Solar (P) Ltd. The company plans to create a franchisee network to use PV pumps in order to extract water which it will then purify, package, and retail as drinking water to domestic and commercial customers. The project aims to demonstrate the competitive use of PV-powered water pumping technology to produce products close to final point of consumption, especially when the grid is unavailable or unreliable.    The project is financed by the IFC/GEF Photovoltaic Market Transformation Initiative (PVMTI). PVMTI aims to address market barriers by making available appropriate financing, stimulating business activity, and 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, as well as other developing country, PV markets.
Lok Microfinance The project involves an IFC investment of up to $2 million for shareholding of up to 19% in Lok Investments or the company, a limited liability company established under the laws of Mauritius, whose investment objective will be to provide social impact capital in the form of equity and debt to qualifying micro finance institutions (MFIs) in India. The company will be the first India-focused microfinance venture tied to an advisory service provider managed by local professionals, with a significant on-the-ground presence, capable of making long-term equity investments in, and delivering effective non-financial  technical assistance to MFIs in India.  The decision to establish the company in Mauritius was driven by the need to make the investment structure as cost effective as possible and also allow the project sponsors to take advantage of the tax treaty established between India and Mauritius. The proposed investment aims to increase the penetration rates of micro credit in India by enhancing the volume of loans made by financial institutions to micro borrowers.   The project has three underlying objectives:   -  to act as a catalyst for directing private capital to MFIs in India;    -  to fund and provide long term management and technical support to these MFIs; and -  -  to act as a platform for disseminating knowledge and supporting initiatives aimed at empowering the rural poor, especially women.
VicatSagarCement The project consists of the first phase of a two-phase development program and involves the construction in Karnataka, India of a greenfield, state-of-the-art and energy efficient  2.7 million tons per annum (mtpa) integrated cement plant along with a 40 MW captive power plant, a waste heat recovery unit and necessary  infrastructure to accommodate a doubling of the plants capacity when the two-phase program is completed in the future.  The project is scheduled to start commercial operations in 2012. The project will have a strong development impact.  First, it will increase the availability of competitively priced cement, a critical basic input needed for the local infrastructure and housing sectors.  Second, it will create 590 direct and over 1500 indirect jobs around the region both during the construction and operational stages.  Third, it will improve the road and railway infrastructure in the project area.  Finally, it has been designed to incorporate best available technologies and practices in a number of areas thereby minimizing water and energy consumption per ton of cement produced.
Macquarie India Infrastructure Opportunities Fund Subject to Macquarie and IFC Board and other internal approvals, the Macquarie India Infrastructure Opportunities Fund (MIIOF or the Fund) is being created as a closed-end fund that will make equity and equity-like investments in infrastructure and infrastructure related assets in India and other countries in South Asia.      The Fund is designed to invest in a diversified range of greenfield and brownfield assets in roads, airports, ports, power generation, power transmission & distribution, telecom towers, water & waste treatment, rail, and other infrastructure-related sectors. Infrastructure is the underlying foundation of basic services, facilities and institutions upon which the growth and development of a modern community depends. Assets such as reliable transport corridors, communications networks and energy distribution systems are essential to the sustainability and growth of an economy, and to the quality of life of the people living within and across the communities connected and served by those assets.     The project will address a key constraint for developers of private or public-private partnership infrastructure projects in India and other countries in South Asia  the availability of equity capital.  Given the large funding requirements and the long gestation periods of infrastructure projects, we anticipate that the fund will facilitate the development of infrastructure projects in the region.     The Fund is also expected to impose market discipline on investee projects, leading to better alignment with demand for infrastructure services, more efficient management, and lower operating and maintenance costs.
Ramanujan Net Zero IT Park (Infopark Properties Limited) The proposed investment is a senior secured loan of up to INR 8,350 mn (approx. US$100 mn equivalent) to be provided towards Infopark Properties Limited (IPL or the Company) for refinancing of outstanding debt (the Project). The Ramanujan Intellion Park  (formerly called Ramanujan IT City or RITC and hereinafter referred to as the Project Asset). The Ramanujan Intellion Park is a special economic zone (SEZ) in Chennai, mainly offering six Grade-A offices. The most significant expected Project level effects are environmental effects through continued resource efficiency resulting from sustained adherence to green building certification. At the market level, The Project has the potential to promote the competitiveness of the Indian commercial real estate sector by incentivizing decarbonization efforts and adoption of internationally accepted green building standards.
HIKAL Project Hikal Limited (Hikal or the company) is engaged in the manufacturing of Active Pharmaceutical Ingredients (API) for the Pharmaceutical industry as well as technicals for the Agrochemical industry. The company has manufacturing facilities at Jigani (near Bangalore), Mahad, Taloja (near Mumbai) and Panoli (near Vadodara). The company has embarked on a capital expenditure plan to enhance capacities for existing products and setting up capacities for new planned products. The project is expected to assist Hikals efforts to become more internationally competitive by enhancing capacities, improving operating efficiencies and infusing long term capital.   By supporting Hikal, a mid-tier player in the CRAMS space, IFC will assist in the evolution and development of an emerging industry with long term growth prospects and strong employment potential in India.   Hikal is one of the few companies in India in the CRAMS space with a strong commitment to IPR. Through this project, Hikal will serve as a role model for a wider acceptance of IPR within the Indian pharmaceutical industry.  Hikal gets significant benefits through technology transfer from customers. By supporting process innovation in emerging markets, this investment helps a domestic company in further transforming from competing on just cost to competing on process capabilities  The project will assist in benchmarking Hikals environmental performance to international standards and develop an action plan to upgrade Hikals facilities to meet those standards.
L&T GreenBond 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 involves the subscription by IFC to Non-Convertible Debentures issued by L&T Infrastructure Finance Limited (LTIF or the Company) for the purpose of financing solar energy projects in India.         Established in 2006, LTIF is an established Non-Banking Finance Company   classified as Infrastructure Finance Company (IFC) by Reserve Bank of   India, focused on financing of infrastructure projects, covering various sectors. LTIF offers a one-stop solution for all infrastructure financing including term loans, quasi equity/debenture subscriptions, non-fund based support, co-promoting projects etc.        The proposed investment is consistent with the World Bank Groups India Country Partnership Strategy as it aligns with the engagement areas of (i) Inclusion  by improving access to electricity (ii) Transformation  by reducing Greenhouse Gas (GHG) emissions through energy efficiency and renewable energy. Reduction in GHG emissions: The proposed investment is expected to generate significant environmental and economic benefits through the development of solar projects. The investment is expected to reduce around ~80,069 tCO2 of GHG emissions per annum.     

Support eco-system for development of solar energy projects and job creation: Besides the direct impact of reduction of GHG emissions, the investment would have a cascading effect on vendors and services providers to solar energy projects that would be supported through the investment. This would lead to expansion of the eco-system for such projects and assist job creation.
  
Demonstration Effect: IFC's support to LTIF will further strengthen the latter's commitment to the renewable energy sector, which is likely to attract other local and international financial institutions to increase their investments in LTIF and LTFH group.
Netafim India Founded in 1965 in the Negev desert in Israel, Netafim Ltd (Netafim) is a global player in the micro irrigation systems (MIS) sector. Clients value Netafims team of 200 agronomists deployed globally that provide expertise in all crop types and growing conditions.      The proposed investment consists of a loan up to INR1,520 million (approximately US$20 million) to Netafim Irrigation India Private Ltd (Netafim India or the Company), guaranteed by Netafim, to support the (i) working capital needs of Netafim India arising from the COVID-19 crisis, and (ii) CAPEX needs to maintain local production capacity (the Project). IFC is also considering mobilizing a financing package of up to INR4,178 million (approximately US$55 million) with commercial banks and /or development finance institutions (the Parallel Loans) for the same purpose. The expected Project-level outcome is its contribution to generating better yields for the local farmers and strengthening their resilience to climate stocks. The Project in India may have larger benefit given the potential for creating impact at scale using the community irrigation model. The Project will also contribute to sustainability by promoting water used efficiency in agriculture in several water stressed regions.
Apollo Tyres ATL is Indias second largest in sales and amongst the top 20 tire manufacturers in the world. The company has undertaken a corporate investment program of US$51 million which comprises (i) setting up a truck radial tire plant at its Baroda facility, (ii) marginal expansion at other plants, (iii) maintenance capital expenditure at each of its plants, and (iv) debt refinancing.     Through IFC investment, ATL will be able to access long term financing to implement this project. IFC is helping ATL to introduce best corporate governance practices in its operations.     IFCs investment will have significant development impact as it will help a leading tire manufacturer in India to maintain its leadership position by modernizing its product range. IFC is also encouraging the company to increase its social investment layouts for the benefit of communities around its plant locations.
Sundaram Home Finance Ltd. Summary Of Project Information (SPI)       Project Name    India - Sundaram Home      RegionSouth and Southeast Asia   Sector   Project No009772   Projected Board DateOctober 14, 1999   Company NameSundaram Home Finance Limited   Technical Partner and/or Major Shareholders    	Sundaram Finance, which will be the majority shareholder with a 60% stake, is a non-bank financial institution established in 1954 as a wholly owned subsidiary of the Madras Motor Insurance Company Limited. Over the last forty-six years, Sundaram Finance has expanded operations and built up a network of 95 branches across India with a focus on the South, and is viewed as one of the strongest finance firms in terms of its distribution and conservative management.   	There are ongoing discussions with a bilateral investment agency for a 20% stake in Sundaram Home.     Project Cost Including proposed IFC investment    	The total project cost is estimated at approximately US$ 12 million. IFC is considering a 20% equity stake in Sundaram Home Finance Limited for an amount of approximately US$ 2.4 million.    Location of project and Description of site    	Sundaram Home Finance Limited will be headquartered in Chennai, Tamil Nadu, India.    Description of Company and Purpose of Project    	Sundaram Home Finance Limited will be established as a specialized housing finance company. Sundaram Home will address India''s scarcity of long term debt financing for housing investments. It will be strongly capitalized, placing it among the top housing finance companies in India. Sundaram Home will provide mortgage loans to individuals as well as to corporations. The initial geographic focus of the company will be in South India.   	The project provides IFC with an opportunity to build up a well capitalized housing finance institution in India, which continues to face difficulties in meeting the housing needs for its rapidly growing number of urban households.     Environmental Category and Issues    	This is a category C project according to IFC''s environmental and social review procedure. Therefore, no further environmental and social analysis is required.       Date SPI sent to InfoShop     September 14, 1999      This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors.  It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration.    For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384
Axis Bank III Axis Bank is Indias third largest private sector bank in terms of assets with assets of around US$64 billion as of September 30, 2014.  It has over 2,500 branches and 13,000 ATMs spread across the country with 8 international offices.  Over 50 percent of the Banks branches are in rural and semi-urban areas.  Axis Bank is using its nation-wide network and innovative approach to expand its focus on financial inclusion, infrastructure and agribusiness which are all strategic priorities for IFC in South Asia.  This investment is consistent with IFCs strategy for South Asia which focuses on three strategic pillars: (i) inclusive growth: targeting the base of the pyramid, improving access to finance for MSMEs including in the low income states (LIS) and infrastructure building; (ii) climate change: focus on adaptation and mitigation (including renewable energy, cleaner production and energy efficiency financing); and (iii) regional and global integration: focus on financial infrastructure, investment climate reforms, trade financing, logistics and promoting South-South investments. 1.	Increasing Access to Finance for Infrastructure and Affordable Housing Finance:  By providing longer-term funding, the proposed project would support Axis Bank in growing its infrastructure and affordable housing finance portfolio. The new Government in India has declared infrastructure development and access to affordable housing finance to be top priorities and is raising financing for these sectors through the banking system.  Given the high level of NPLs in public sector banks, private sector banks are expected to play a vital role in channeling liquidity to infrastructure and affordable housing projects.  Axis Bank has traditionally been a leading financier of infrastructure and housing and the proposed project will support the Bank in further expanding this business and contributing to the Government''s priorities for economic growth.  2.	Promoting a New Asset Class: The recent directive of the Reserve Bank of India (RBI) allowing banks to issue infrastructure bonds will result in the creation of a new asset class for investors. The success of the proposed bond issue will send a positive signal to other banks and help promote the growth of this asset class.  3.	Promoting Environmental and Social (E&S) Standards: Axis bank has agreed with IFC to adopt a roadmap towards implementation of IFC Performance Standards and other environmental best practices across the Bank''s portfolio which will make it amongst the largest private sector banks in India to be compliant with IFC''s E&S standards. The Bank is expected to be an industry leader in adopting E&S global standards with a strong demonstration impact on the banking sector in India.
ISFC Equity The project involves investing up to US$15mn equity and up to US$15mn debt in Indian School Finance Company Pvt Limited (ISFC or the Company), a Non-Banking Finance Company (NBFC) that provides loans to educational institutions.     ISFC caters to affordable private schools, colleges, coaching centers, education SMEs and retail loans to teachers. The project supports the growth of Indias affordable private schools which are critical to providing quality education, especially for low income families. Access to Education: Access to quality education is one of World Bank Group's key engagement areas. The current funding will enable ISFC to fund schools to expand their existing facilities and improve their current infrastructure which will impact students across the country. 

Competitiveness: The education finance sector is very nascent with only three education infrastructures focused NBFCs in the country. The Affordable Private Schools are severely underfunded and IFC's investment will demonstrate the sustainability of this business model and will be an intervention in a space where most mainstream financiers are reluctant to lend.
Indospace COVID-19 Debt Indospace Logistics Parks III LP (the fund or ILP III) a US$580 million 2018 vintage fund for developing logistics and industrial parks across India. The Fund invests in warehousing and industrial property assets in India through various special purpose vehicles (SPVs). The proposed IFC investment is a senior secured loan of up to INR 5,500 million (equivalent to US$75 million) to select SPVs of the fund which will develop and operate warehousing and industrial properties in India. (i) Economy-wide effects: By accelerating construction and development of parks as the Indian economy emerges from the COVID-19 crisis, the financing will enable preservation of thousands of jobs in construction of properties and ancillary / indirect jobs which would otherwise be lost. 

(ii) Contribution to Market Creation:
a.	Competitiveness: IFC anticipates that the Project will provide a significant positive step forward to the Indian warehousing and industrial property market, which is in its evolutionary phase and now going through a severe slowdown due to Covid-19. If the Fund is successful in developing and offering its properties in time for companies to set up operations, it will help demonstrate a path of recovery for the sector, relying on private investment and demonstrate to other players to replicate the Company's modern, efficient, and lower cost characteristics.
b.	Resilience: The Project will contribute to the resilience of real sector markets, through enabling business infrastructure that will ensure continued supply of goods and services at affordable prices and limiting disruptions along supply chains thereby mitigating the effects of the economic downturn.
Chola 2022 Loan The proposed project comprises of an up to US$350 million investment in Cholamandalam Investments & Finance Company Limited (Ltd) (CIFCL, the Company) through a 3-year US dollar (USD)-denominated senior secured loan. IFC will provide up to US$150 million through its own account, and mobilize up to US$200 million from other lenders, with an unspecified greenshoe. The proposed project supports vehicle financing for micro, small and medium enterprises (MSME), with a focus on the low-income states (LIS) and rural regions of India. The Covid-19 pandemic has aggravated the already weak economic environment for this segment since they are less resilient to exogenous shocks. Thus, this project is part of IFCs systematic approach in India where IFC will work with different financial institutions (FIs) to continue to support the recovery of MSMEs from the Covid-19 pandemic and stimulate growth. Stakeholders impact: 

Improved access to finance for MSMEs: The MSME sector plays a key role in the Indian economy, accounting for over 30% of the GDP and providing employment to more than 110 million people. Overall, the Covid-19 pandemic further intensified the issues around financing MSMEs. Commercial vehicle financing in particular was amongst the worst-hit segments in the financial sector given low vehicle utilization rates. Although MSME financing and CV financing have been recovering and are close to pre-pandemic levels, the recovery remains nascent, and inflationary pressures and supply chain bottlenecks pose a threat to the recovery. Continuing to provide access to finance to MSMEs will be crucial to ensure their sustained recovery from the pandemic. The proposed investment would support access to finance to MSMEs, for purchasing commercial vehicles, focusing on MSMEs in underserved areas like low-income states and rural regions of India. 

Market impact:

Resilience: This Project, along with other efforts conducted by IFC in the MSME segment, is part of IFCs systematic approach in India seeking to encourage FIs to increase access to finance for MSMEs by offering financial products and services catering specifically to this underserved segment. This project, together with other efforts by IFC, will signal confidence in financing MSMEs, and is likely to influence other financial institutions to grow their MSME portfolio and replicate this approach resulting in overall credit growth towards this underserved segment.