devinitorg/iati-policy-markers huggingface dataset:
SRF 2022 loan The proposed transaction entails an investment of up to US$100 million of senior secured A Loan to SRF Limited (the Company). The proceeds of the loan provided by IFC shall be used for financing capital expenditure towards specific identified projects in the Companys specialty chemicals business, all at Dahej in the state of Gujarat being undertaken at a capital expenditure of US$112 million (the Project). The project-level outcomes include economy-wide benefits through increased employment and value addition. IFC estimates that the Project will increase manufacturing direct value addition in Indias GDP and contribute to the economy through indirect and induced effects along the chemicals value chain.  The Project will also create additional jobs thanks to the expansion through indirect and induced effects along the value chain. Beyond the Project, IFC expects the investment to promote competitiveness in Indias chemical sector, especially in agrochemicals and pharmaceuticals intermediates, through increased efficiencies along the value chain and production processes, and product diversification.
Nicco Uco Financial Services, Ltd (NUFSL) Summary Of Project Information (SPI)       Project Name    India-Nicco Uco Financial Services Limited (NUFSL)              Region    Asia        Sector       Project No008025   Projected Board DateMay 15, 1997   Company NameNicco Uco Financial Services Limited (NUFSL)   Technical Partner and/or Major Shareholders    	 Nicco Uco is owned by the Nicco Corporation (31%), one of the largest cable manufacturers in India; other shareholders include: Uco Bank (15%), the UK Merchant Bank Hambros (10%), Banco San Paolo di Torini of Italy (3%), IFC (10%) and Public (31%).     Project Cost Including proposed IFC investment    	NUSFL has requested IFC to provide a long-term loan of US$10 million which will consist of: A loan US$ 5 million and a B loan of US$5 million    Location of project and Description of site    	Calcutta, India    Description of Company and Purpose of Project    	Nicco Uco Financial Services Limited (NUFSL or the Company) is a Calcutta based financial services firm engaged principally in leasing & hire purchase, corporate funding (short term working capital lending), merchant banking, and trade finance.  IFCs funds would enable the Company to expand its operations in much needed areas of leasing for small scale infrastructure projects:  privately provided municipal facilities, power generators; as well as for machinery and equipment leases to its client SMEs. With the emergence of syndicated leases, medium sized leasing Companies such as NUFSL can play an important role in funding larger projects in their traditional lines and in infrastructure.     Environmental Category and Issues    	This is a Financial Intermediary (FI) category project according to IFC''s environmental review procedure.  For relevant operations, NUFSL will be required to implement an environmental management system consistent with Indian requirements and World Bank policies and guidelines. In addition, IFC will assess the Companys capability to implement the system.       Date SPI sent to PIC     April 15, 1997      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365
SRF India BOPET SRF Limited. (SRF) is a large producer of bi-axially-oriented polyethylene terephthalate (BOPET) Film. It has existing capacities of 60,000 TPA in India and 28,500 TPA in Thailand. SRF proposes to set up another facility for the production of BOPET Film in India with a capacity of 30,000 TPA and metallization capacity of 8,000 TPA (the Project). The greenfield BOPET packaging film facility will be set up at Indore in the state of Madhya Pradesh , a low income state in India at a cost of approximately US$58 million, of which IFC is considering financing up to US$ 40 million. The balance will be financed by SRF contribution. 1. Investment in Low Income State: The investment supports a greenfield project in Madhya Pradesh, which is a low income state in India. IFC''s entire investment will be used for the new plant at Indore, Madhya Pradesh.  2. Enhancement of food security: More than 60% of the Project''s output of flexible packaging will be used in the food packaging and beverages industries. The Project will thus support the expansion of processed foods industry and enhance food security by reducing food spoilage. 3. Job creation and growth of local supply chain: The Project will lead to creation of around 100 direct jobs and similar number of indirect jobs in ancilliary units and supply chain. In addition, there will be more than 400 temporary jobs created during the construction phase. The Project will also benefit the local supply chain on account of increased demand for goods and services.
Azure Karnataka The Project involves development of a 130 MW solar power plant in the state of Karnataka by Azure Power India Private Ltd (Azure or the Sponsor), an existing IFC client, through three wholly owned subsidiaries Azure Power (Raj.) Private Limited (APPL, or SPV-1), Azure Sunrise Private Limited (ASPL, or SPV-2) and Azure Photovoltaic Private Limited (APVPL, or SPV-3). The three SPVs - APPL, ASPL & APVPL - have been setup for the sole purpose of construction, operation, and maintenance of 40 MW, 50 MW and 40 MW of solar projects respectively and will not have any other operations.  The Project is expected to be commissioned by June 30, 2016. The off-takers will be the three state distribution companies namely Hubli Electricity Supply Company (HESCOM), Chamundeshwari Electricity Supply Company (CESCOM) and Gulbarga Electricity Supply Company (GESCOM).   The three SPVs plan to sign the Engineering, Procurement and Construction (EPC) and Operations and Maintenance (O&M) agreements for the Project with Azure. 1. 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 226 GWh per year from 2016.  2. Climate Change Mitigation: IFC''s investment will enable clean energy production that will help avoid GHG emissions, of approximately 181,895 tons of CO2 equivalent emissions per year beginning in FY2016-2017 (averaged for 10 year period). 3. Employment generation:  The Project will create employment opportunities during construction as well as operation phase.
iLabs Fund II The proposal is to make an investment of up to $20 million in iLabs Investment Fund II LLC (the Fund), a private equity fund with a target size of $200 million.  The Fund will invest in companies, primarily Indian enterprises but also opportunities in South Asia, or elsewhere that have substantial Indian oriented business operations.  The Fund will be structured as a 10 year Mauritius limited life company.
Healthspring Wellspring Healthcare Private Limited (Healthspring or the Company), founded in 2010 and headquartered in Mumbai, India, is a  provider of primary care services to individuals as well as managed care services to corporates employees and industrial workers at production sites. Currently, Healthspring operates 17 primary care clinics in Mumbai and Pune, and 133 operational health clinics across India.  The Company is currently in the process of raising equity capital. Proceeds from the capital raise will be used to (i) set up new clinics for occupational and corporate health; (ii) make training and technology upgrades; (iii) acquire other local clinics; and (iv) purchase secondary shares from existing shareholders (the Project). Project-level impact includes (i) increased access to affordable and quality healthcare for underserved populations; and (ii) regulatory healthcare compliance at production sites.
Market-level impact includes (i) strong demonstration effect in medically underserved areas; and (ii) positive signal to potential investors to encourage further investments in the primary care and occupational health market.
MULTIPLES PRIVATE EQUITY FUND III LIMITED The proposed project is an investment in Multiples Private Equity Fund III Limited (Fund or Multiples III) which will invest in equity and equity-linked instruments of mid-market companies in India, across sectors such as Consumer, Financial Services, Healthcare, IT Services, Logistics and Agriculture related product and services opportunities. The main project-level outcomes are: (i) increased access to capital from a domestic fund manager for underserved mid-cap companies, typically looking for growth capital; (ii) investee growth, which will be supported by the Fund Manager's value creation strategies; and (iii) support of a domestic Fund Manager bringing strong capacity-building and mentoring abilities, that can act as a catalyst for the domestic PE industry. In terms of market creation, IFC and the Fund Manager have been working to increase integration in the domestic PE market by attracting domestic institutional investors that have so far not supported domestic fund managers, thus strengthening the domestic capital market. Adding to the impact of this investment, the Fund Manager - being the only woman-led PE fund manager in India - leads by example in the market on the inclusiveness dimension.
GEF PVMTI Selco The project seeks to facilitate the expansion of the companys business via the provision of funding for infrastructure expansion, working capital and the extension of consumer finance to support the sale of solar home systems (SHS).  In implementing its business plan, Selco India will partner with numerous regional rural banks to provide consumer finance under the project.    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, as well as other developing country PV markets.
India Agri Fund The proposed India Agribusiness Fund (IAF or the Fund) is a $100 million sector-specific fund that will invest equity in small and medium-sized companies in the Indian food and agribusiness sector. Its target industries will span the agricultural value chain, ranging from contract farming at the primary end and key elements of the agricultural supply chain (e.g. cold storage chains) to food processing and rural retail, with expected deal sizes of $3-10 million per transaction. The agribusiness sector in India is currently marked by several small to medium companies of which few have made the transition to global scale and competitiveness. IAFs specialized sector focus and expertise is expected to aid and improve the scalability, operational efficiency and strategic and business development initiatives of these companies. The fund will seek significant minority stakes with investor rights and active board participation. Agribusiness is an identified priority area for the India region for IFC direct and funds investments. Notwithstanding strong and robust growth in the services and manufacturing sectors in the last two decades, the Indian economy is still dominated by agriculture, which also employs a majority of the population in rural areas. However, growth in the agricultural sector has significantly lagged that in other sectors, thereby not only dragging down the overall growth rate but also widening income and social inequalities. Investments in modernizing the agricultural economy are urgently needed and will have a direct impact on reducing poverty. 

The Fund is expected to have a strong development impact as a result of its focus on value-added investing in the Agri-business sector in mid-market companies and SMEs. It is expected to reach companies that IFC would otherwise find difficult to access - many of the investee companies will be located in non-metro locations, and fall below the revenue threshold for IFC direct investments. The Fund Managers strategy is take an active role in the management of mid-sized companies in the agribusiness space,  including corporate governance improvement through board participation, strategy setting, helping professionalize management, and improving financial and operational performance. The growth and the success of the investee companies will have positive benefits for their financiers, their employees skills and livelihood as well as on economic opportunities for suppliers of goods and services.
Glenmark Project Glenmark Pharmaceuticals Limited (Glenmark or the Company) is an integrated Indian pharmaceuticals company, engaged in the manufacturing of generic pharmaceuticals and discovery and development of new molecules. The proposed project supports the growth of the Companys pharmaceutical manufacturing facilities in India, create direct and indirect jobs, and increase availability of high quality, affordable drugs. The proposed project will allow the Company to (a) expand its manufacturing capacity (primarily in India) (b) build Research and Development (R&D) capacity for new molecules (including in India)  and (c) reduce some debt so that internal accruals can be deployed more for R&D (altogether the Project). 1.	Building Domestic Manufacturing Capacity: The IFC investment supports expansion of domestic manufacturing of the Company, which fits in with the "Make in India" campaign launched by the Government of India. The Company plans to invest a significant amount in capital expenditure over the next three years across its facilities in India. 2.	Inclusion & Job Creation: The majority of the Company''s manufacturing facilities are in Tier-2/3 locations in India including in Indore, Madhya Pradesh (LIS) and Ranipool, Sikkim (LIS). The Company''s expansion is expected to generate significant direct and indirect employment over the next three years. In addition, the expansion will increase domestic purchases by the Company. 3.	Patient Outreach: Given the Company''s focus on generic formulations, its products help increase access to affordable generics. The Company plans to launch several  new products in India and other emerging markets over the next three years covering cardiology, diabetes, dermatology and respiratory, all of which are major healthcare issues in India.  4.	Strengthening R&D: The project concept includes investment in developing a novel drug pipeline to meet unmet medical needs, which will be patented to the Company. Over the long term, the Company plans to launch these products globally.
Inabensa Bharat The greenfield project is to construct a steel fabrication plant in the state of Gujarat, near the city of Vadodara with an annual capacity of 25,000 tons. The plant will manufacture in roughly equal quantity steel structures for transmission & distribution (T&D) projects and metallic support structures for the cylindrical parabolic solar collectors (CPC) and heliostats in concentrated solar power (CSP) projects that will be developed globally, including in India and neighboring countries. Inabensa Bharat''s operations will support the construction of solar energy plants globally by providing a necessary component in the form of the solar panel structure, thereby encouraging the use of clean energy and reducing CO2 emissions through the implementation of clean energy plants.  In addition, Inabensa Bharat will support improvements in the infrastructure supply chain through the increased manufacture and sale of transmission towers across Asia, the Middle East and Sub-Saharan Africa to meet growing demand.  As a result of increased focus on transmission capability in India, energy access is expected to improve.   Finally, the project will support job creation in India, both during the expansion and operation of the facility, a key objective for the Indian government.
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         The proposed IFC investment involves supporting the renewable energy lending program of Aditya Birla Finance Limited (ABFL or the Company), a Systemically Important Non-Deposit Accepting Non-Banking Finance Company (NBFC) in India through an INR ECB loan or subscription to NCDs (green bonds) issued by the Company. The INR ECB loan will be issued under Track III of RBIs ECB guidelines. While the NCD issuance shall comply with SEBI (Indian regulator of the securities market) guidelines for green bonds. The proceeds of the issuance shall be on-lent by ABFL to solar projects in select states of India. GHG Savings: The proposed investment will result in savings in GHG emissions of up to 120,104 tCO2 p.a. as it will finance power generation through renewable and climate friendly sources. This is critical in the view of the GOI's overall intentions to reduce carbon intensity of the economy.

Integration: IFC's engagement with ABFL will support the latter's commitment to the renewable energy sector sending a positive signal to the market, and is likely to attract other local and international financial institutions to increase their investment in this sector. Additionally, IFC's continued investment in Green Finance will help to popularize this relatively new asset class, and attract niche investors.
Biological E II Biological E Limited (BioE or the Company), based in Hyderabad, India, develops and manufactures vaccines which are supplied within India and to other developing and middle-income countries either directly or through supplies to United Nations Childrens Fund (UNICEF) and the Global Alliance for Vaccines and Immunizations (GAVI). It is World Health Organization (WHO) pre-qualified for the 7 vaccines, including liquid pentavalent vaccine (LPV), Japanese encephalitis (JE) vaccine and Measles Rubella (MR) vaccine. The Company also makes pharmaceutical products. The Company is an existing client of IFC.  In addition to growing its pipeline of vaccines and pharmaceutical products, the Company is looking at playing a role in the development and availability of a potential COVID-19 vaccine on an accelerated basis.   Hence, the Company is planning to expand its vaccines manufacturing capacity (the Project). 1. People reached: The Project will increase the availability of affordable vaccines which can prevent potentially fatal diseases and contribute towards reduction in mortality levels.

2. Building domestic manufacturing capacity: By growing within India, BioE will contribute to promoting the development of the country's private sector and overall economic growth through its manufacturing facilities. The expansion of the domestic manufacturing capacity of the Company fits with the "Make in India" initiative launched by the government to make India a destination for production of goods and to boost the national economy.

3. Direct and indirect employment creation: Through this investment, the Company will be able to expand its operations and create additional high-quality jobs in India. 

4. Research and Development: The Company invests significantly in Research and Development which is key to building a pipeline of products for under-met medical needs. The Company plans to launch several new products in India and other developing countries over the next five years.
HDFC Bank UT2 The project consists of a 15-year subordinated debt of $100 million to HDFC Bank Ltd. (HDFC Bank or the Bank), Indias second largest private commercial bank with 2.2% market share in terms of total banking sector assets. The project will support the Bank in augmenting its capital base to meet the enhanced capital requirements as per Basel II norms, as well as increase its market share. This long-term funding will also help improve the Banks maturity mismatch position.   HDFC Bank is a domestic AAA rated institution and has the strong backing of its parent - Housing Development Finance Corporation (HDFC)  a housing finance institution that IFC helped founded in 1978.  HDFC Bank is listed on the Mumbai and National Stock Exchanges, as well as on the NY Stock exchange. It has built up a formidable brand name and franchise in a relatively short span of time and has outperformed most other banks, private sector or government-owned, by a significant margin.  As of March 31, 2006, the Bank had total assets of $16.5 billion and net worth of $1.2 billion.  Although HDFC Bank has been able to raise about $130 million equivalent Upper Tier II Capital (UT2) in the domestic bond market from April 1, 2006 till date, it has approached IFC for an additional investment as it is desirous of diversifying its funding sources and investor base.  The proposed investment, which qualifies as Upper Tier II Capital, will be structured as per the guidelines recently issued by the Reserve Bank of India (RBI) permitting banks to raise subordinated debt in foreign currency from foreign investors. This is a window of opportunity for IFC to play a key role in introducing and encouraging new, innovative banking products in India, and in developing the subordinated debt market. The project is expected to have strong development impact by:    - Demonstration effect:     The investment will have a demonstration effect in introducing and encouraging new, innovative liability products such as UT2 and stimulating investor demand for the product.     - Strengthening the presence of the private sector banks in India:     The government-owned banks are still dominating the banking industry, and HDFC Bank and a few large private sector banks (such as ICICI Bank, Kotak Mahindra Bank and UTI Bank) are poised to take the lead position in the countrys banking industry. The project will support the consolidation and long-term growth strategy of HDFC Bank and improve its financial fundamentals by strengthening capital adequacy, diversifying funding sources and reducing maturity mismatch. It will facilitate this well-run private sector bank to overtake the state-owned banks, and set new a benchmark for the industry.
AP Paper Mills The Andhra Pradesh Paper Mills limited (APPM, or the company), with sales of about 157,000 MT per annum of paper, is the fourth largest integrated pulp and paper manufacturer in India.  The company was established in 1920 and is listed on the Mumbai and Hyderbad Stock Exchanges.  In October 2000, APPM acquired 71% stake in Coastal Papers Ltd. (CP) with a capacity of 55,000 MT p.a. of printing and writing paper from straw pulp and packaging paper from waste paper and newsprint.  With the proposed project, it will focus on shifting CPs production to printing and writing paper based on pulp transferred from APPM.  The proposed project consists of:    -  enhancement of pulp capacity  -  improvement of the product mix  -  increase in production capacity and efficiency  -  improvement of environmental management systems and        -  increase in the existing farm forestry program.      The project also includes the restructuring of part of the companys existing short-term debt and the recent completion of the companys privatization through the purchase of the remaining government shares.