devinitorg/iati-policy-markers huggingface dataset:
DCM TCCL SLB The proposed investment comprises upto INR3,750million (US$50 million equivalent) investment in Tata Cleantech Capital Limited (TCCL or the Company) through subscription of unlisted secured redeemable non-convertible debentures (NCDs) to be issued by the Company. The proceeds of the IFC investment will be primarily used to finance wind and solar projects and to a limited extent sectors such as energy efficiency, e-mobility, green-warehousing and water.  Setup in 2011, TCCL is registered with the Reserve Bank of India (RBI) as a Systemically Important Non-Deposit Accepting Non-Banking Financial Infrastructure Finance Company (NBFC-IFC), engaged in the business of providing finance and advisory services for projects in renewable energy, energy efficiency, waste management, water management and cash flow-based infrastructure finance. As of March 2022, TCCL has an asset under management (AUM) of ~US$1000 million and a networth of ~US$218 million. Increased access to climate finance - India has large climate financing needs as it has pledged that renewable energy (RE) will be 40% of the countrys electricity generation capacity in 2030. The proposed investment will support TCCL to increase financing for RE projects.

Contribution to Market Creation: Sustainability: The Project will lead to increased sustainability by catalyzing the issuance of first sustainability linked instrument by a financial institution in India that follows the International Capital Markets Association (ICMA) Guidelines. Moreover, it will help establish standards for such issuance in the domestic capital markets and thus create an alternative asset class for channeling institutional investors in this domain. The market creation impact will be brought through innovation, demonstration, and capacity building channels. In addition, there is integration aspect of the market creation as well.
Vinati Organics Limited Vinati Organics Limited (Vinati or the Company) is an Indian manufacturer of pharmaceutical inputs and specialty chemicals. The Company commenced operations by manufacturing Iso Butyl Benzene (IBB), the primary raw material for Ibuprofen, the popular over-the-counter analgesic. The Company diversified into 2-Acrylamido-2-Methyl Propane Sulfonic Acid (ATBS), a specialty chemical that has a wide range of applications. The proposed project includes capacity expansion of ATBS as well as backward integration into isobutylene (IB) and forward integration into industrial polymers. The Project is expected to have the following development impact: (i) Supporting a global-scale and competitive manufacturing operation which is environment friendly as it is committed to minimizing effluent discharge; (ii)	Demonstration effect of good Environmental and Social practices among the mid-sized Indian pharmaceutical and specialty chemicals producers, where such practices are limited and (iii)	Local employment generation - addition of up to 100 new jobs on permanent / contract basis and an additional 50-100 jobs during construction phase in a relatively underdeveloped area in Maharashtra state.
SPAH Project Shapoorji Pallonji And Company Limited (SPCL) is in the civil construction and real estate development business.  SPCL plans to raise up to US$200 million to establish a platform that will develop 15-17 million square feet of affordable housing projects across India over the next 8 years. SPCL will contribute 30% of the capital, and investors, including IFC will contribute the rest. 1. Increase in affordable housing supply: The Project will contribute to the alleviation of the current affordable housing deficit in India and will improve the quality of life by making housing, a basic need, more affordable. 2. Employment generation: The Project is expected to create a large number of new construction, sales and marketing jobs. 3. Enhanced supply linkages: The Project will increase demand for construction and building materials in the country. 4. Demonstration effect: The Project will serve as an example to improve private sector development in this segment of the housing market, which is typically ignored by investors.
UltraTech Cement Limited The project (the Project) involves the clinker production capacity expansion of UltraTech Cement Limited (UltraTech or the Company) at its integrated cement plant in Chhattisgarh, a low-income state in the eastern part of India and the investments for the necessary infrastructure to support the expansion. The Project is a key component of the Companys cement capacity expansion strategy in the eastern part of India. Employment generation: The Project will create direct and indirect employment in Chhattisgarh. The Project will provide skilled and unskilled jobs during the construction phase. In addition, the Project will create a large number of indirect jobs in the transportation and delivery sectors.   Increased local supply chain and consumption of local goods and services: The Project will create new business opportunities in the local economy due to increased demand for the supply of raw materials and provision of transportation and delivery services  Other benefits to local communities: The Company has established health and medical facilities in India to benefit about 200,000 people and manages schools in India where more than 6,500 students attend. The local communities will benefit from the Company''s corporate social responsibility initiatives.   Positive climate change impact: As a member of the Cement Sustainability Initiative (CSI) of the World Business Council for Sustainable Development (WBCSD), a global association of about 200 companies dealing exclusively with business and sustainable development, UltraTech is committed to sustainable development. Its investment in energy efficient initiatives has resulted in specific heat consumption in its clinker production being one of the lowest. The Company has taken the lead in the cement sector in India to co-process industrial and agricultural wastes as fossil fuel substitutes in its plants. The Company is among the early proponents of waste heat recovery and alternative fuel usage in cement operations in India. The Project includes a waste heat recovery system, which will reduce energy usage.   Higher level of environmental and social performance: By complying with IFC''s performance standards and the World Bank Group''s environmental, health, and safety (EHS) guidelines, UltraTech will achieve higher environmental and social standards, which should increase its reputation, reduce the risk of adverse impacts on local communities, and increase the credibility of the private sector with respect to corporate social responsibility.   Private sector development: The success of the Project will send a positive signal to other investors considering investments in Chhattisgarh, a low-income state where foreign direct investment (FDI) is limited. The Project is expected to set environmental and social standards that can be replicated by other cement producers.  Increase in domestic revenues: The Project is expected to contribute to the domestic economy through increased tax revenues.
URL Expansion United Riceland Limited (URL or the company) is one of Indias leading rice millers and exporters specializing in the premium segment of Basmati rice. URL was established in 1981 at Samana in the state of Haryana, 150 km north of New Delhi by the Thakrar family to export brown Basmati rice to the United Kingdom (U.K.). The company currently sells its products to the European Union (EU), the Middle East and is also active in the domestic market.

IFC entered into a $10 million Loan Agreement with URL in 1996.  The purpose of the loan was to finance the construction of a modern Basmati rice milling facility on a new site located 25km southwest of New Delhi, in Gurgaon.  Since then actual market developments as well as a positive turn in tariffs for Basmati rice has resulted in URLs decision to increase the projects scope.  

The company plans to increase aggregate capacity from 21 tons per hour to an aggregate nominal capacity of 30 tons per hour with a plant design to produce brown and white rice for sales to the EU, the Middle East, other countries and the domestic markets.
INCaF Enercon Wind Enercon India Ltd (EIL) is a joint-venture between Enercon Gmbh from Germany (56% share) and the Mehra family of Mumbai (44%). EILs commercial operations started in 1995. The company is involved in the manufacturing, installation and services (O&M) of wind turbines in India. While the core business of EIL is to provide turn-key solutions for potential investors in wind power in India, the company also takes principal positions in some of the projects. EIL has wind projects in 8 high potential states in India. Enercon Gmbh is a technology leader in the industry and operates across 27 countries and manufactures from 5 of them (Germany, India, Brazil, Turkey and Sweden). As of April 2005, Enercon Gmbh has an installed capacity of 7.4 GW of wind power around the globe.

EIL is implementing CDM projects based on wind farms that are displacing fuel based generation in the regional grids in India (Karnataka and Rajasthan). The total installed capacity of the projects is presently 75 MW. The EIL project comprises many sub-projects (individual wind farms owned by several entities) of smaller capacities. These plants share common facilities within 2 wind parks managed by EIL. 

EIL owns 50% of the installed capacity in the Karnataka site (8.4 MW out of 16.8 MW) and 41% of the installed capacity in the Rajasthan site (24 MW out of 58.2 MW). EIL is aggregating all projects into a bundle and plans to sell CERs from the bundle of wind projects to INCaF.
Tata Engineering Ltd TELCO is among the top ten commercial vehicle (CV) manufacturers in the world and the market leader in the Indian automobile sector.  The project consists of a $397.8 million capital expenditure and debt restructuring program, which is an integral part of the operating and financial restructuring of TELCO. This restructuring program intends to make TELCO a globally competitive automobile manufacturer. The project is divided into a $256.3 million program for product development and modernization, and a $141.5 million debt retirement/refinancing program. The main objective of the product development program is to introduce new products and variants of existing products to the commercial vehicle and passenger car segments.     IFC has an important role to play in this project. Through its investment, IFC will assist TELCO in moving toward a regional and/or global presence, and will help the company to restructure and modernize in order to become internationally competitive. By providing a partial guarantee, IFC will enhance the credit rating of TELCO''s proposed bond issue and enable the company to access the capital market for long-term funding and obtain more appropriate pricing for long-term risk.  By facilitating the development of a market for structured instruments, IFC will also play a key role in promoting the growth and liquidity of the domestic debt market.      The development impact of the project is expected to be significant. If TELCO is able to successfully restructure its operations and become globally competitive, it will generate significant economic benefits. The main quantifiable, economic gains will derive from increased production volumes and quality, with lower costs of production at or close to international levels, for passenger vehicles. In addition, as TELCO expands its subcontracting capacity, SME suppliers and other vehicle manufacturers will gain value from improved competitiveness and economies of scale in the domestic auto component industry. TELCOs global restructuring will also have a significant demonstration effect on other vehicle manufacturers operating in India, as well as on the auto-component industry.
NSL Power Project The NSL Group was founded in 1973 as a seeds company -- Nuziveedu Seeds Limited (NSL), which has since become the largest in India.  Through NRPPL, NSL has diversified into renewable energy business with particular focus on wind and hydroelectric power (hydro) in India.  NRPPL is a holding company which has a pipeline of medium & small hydro and wind power projects under development. Typically, each project is developed under a special purpose company with NRPPL as the majority shareholder. IFC is considering an equity investment to support NRPPLs expansion plans.  NRPPL has about 110  MW of existing operating assets comprised of two 6  MW each biomass power plants and 2 wind power plants, the 50.4 MW wind power plant in Bhimasamudra and 47.5 MW wind power project in Jagalur, Anthiyur & Kappatgudda, both in Karnataka.  The Company has under development, 2 medium scale (100 MW and 44 MW) and 2 small scale (5 MW and 6 MW) hydro projects of which Tidong 1, a 100 MW hydro project is in the most advanced of construction.  Further, the Company is also planning to develop 7 wind power projects, which are in various stages of conceptualization and development. a) Expanding the availability of energy in power deficit country like India b) Reducing reliance on coal and use of renewable sources of energy thus having positive climate change impact c) Providing employment to local people during construction and operations
IDFC II Project The proposed IFC financing is a ten year loan for IFCs account of up to $50 million to Infrastructure Development Finance Company Limited (IDFC, the company).  The loan is intended to help IDFC meets its growing needs for disbursements in infrastructure projects as well as to diversify its borrowing sources.    IDFC was established in 1996 as a specialized financial intermediary to lead private capital to commercially viable infrastructure projects in India.  IDFCs role was to complement existing institutions undertaking infrastructure finance with focus on strengthening market mechanisms where these were evolving or had failed to develop.  In addition to fund-based activities, IDFC also performs a policy advisory role by assisting the Central and State governments in preparing roadmaps for reform initiatives and the development of the regulatory framework.   The companys asset growth has been significant during the past two years, partly reflecting the improvements in the regulatory framework for infrastructure.
BHSIL Project Bajaj Hindusthan Sugar And Industries Limited (the company or BHSIL) is a publicly listed company that produces and sells sugar and industrial alcohol/ethanol. BHSIL is undertaking to:  -  expand a brown-field sugar plant from 3,200 to 6,000 tons crushed per day (TCD),  -  construct three green-field sugar plants with combined capacity of 34,000 TCD; and -  build a distillery of 160 kiloliters per day (the project).   The nearest community habitations are 0.5 to 1.5 km from the proposed project sites, the plants are located in predominantly agricultural area and there are no environmentally sensitive areas in the vicinity the proposed plant sites and the existing plant. The project aims to achieve economies of scale and enhance competitiveness. The project is expected to have the following development impacts:   - Purchasing raw materials from and supporting a large number of small farmers;  - Reducing poverty in one of the poorest regions in India;  - Contributing to rural development by boosting local economy and community outreach.. - Enhancing the productivity and competitiveness of the private sector in rural areas; and  - Creating new employment within the Company and along the supply chain;
Flexituff Project Flexituff India Limited (FIL or the Company) plans to raise US$16 million from IFC through a combination of straight equity and Foreign Currency Convertible Bonds (FCCBs). This is a corporate financing with proceeds expected to be utilized to fund the Companys growth plans and towards working capital requirements. The Project is expected to enhance employment generation and downward SME linkages in frontier regions in India, including a low income state. It will also increase the availability of the various products manufactured by the Company which contribute towards safe packaging and delivery of food and pharmaceuticals and support to infrastructure.
IAL Project The project is the expansion of International Auto Limited (IAL or the company).  IAL is one of the largest independent automotive component manufacturers in India, supplying truck, tractor and construction equipment manufacturers.  The project will expand IALs production capacity and enable the company to meet growing domestic and export demand.
OCL II Project OCL India Limited (OCL or the Company) is an existing IFC client and a leading cement producer in eastern India with a capacity of 3.8 million tons per annum (MTPA). The Company started manufacturing cement in 1952. OCL also manufactures refractories. 	 OCL proposes to setup a 1.35 million tons per annum (MTPA) greenfield cement grinding unit at Medinipur, West Bengal (the Project). -	The Project will lead to the creation of 150 direct and 120 sub-contracted jobs upon Project implementation. It will also create 10-15 managerial jobs & ~500 construction jobs during its peak construction.   -	The Project would produce Portland slag cement, which due to its low clinker-cement ratio would result in savings of 84,000 tons of annual CO2 emissions.  -	The project will contribute an estimated US$7 million per annum of tax revenues to the exchequer.
SRLL Project The Project (SRLL) is a financial investment of up to $25 million in Super Religare Laboratories Limited (SRL or the Company). SRL, a leading provider of medical diagnostics services in India, was established in 1995 by Dr. Parvinder Singh.   The Project will help SRL to optimize its capital structure by repaying existing debt and also support its expansion plans of opening new laboratories across India and, potentially, across several lower middle-income countries in Asia and Africa. - SRL''s expansion plans include opening new laboratories across India including laboratories in several Low Income States and Tier II and Tier III cities, which will help improve the standard of medical facilities by providing advanced, high quality diagnostics services.   - The Project will provide additional direct employment to more than 800 technically qualified professionals apart from generating indirect employment for close to 2,000 people through its collection centers and other allied downstream facilities.   - The Project will provide standardized high quality diagnostics services in a fragmented industry, where the quality of diagnosis has a critical impact on the health of the population.   - The Project will create new business opportunities for local companies, including small and medium enterprises that will be franchise partners and through training and development of franchise partners, help improve the overall quality of healthcare services.  - SRL also plans to expand its laboratory network across several lower-middle income countries in Asia and Africa.
Everstone IV The proposed project is an investment in Everstone Capital Partners IV Pte. Ltd., a Singapore limited partnership (the Master Fund) and/or one or more parallel or alternative investment vehicles (collectively with the Master Fund referred to as ECP IV or the Fund), which will invest in equity and equity-linked instruments of companies that have significant operations in India and opportunistically in South East Asia. The Fund will invest in healthcare, be sector agnostic with a primary focus on healthcare/pharma and technology services, as well as consumer and financial services sectors.  ECP IV is the successor fund to Everstone Capital Partners III (Fund III), a vintage 2016 fund with US$731 million in total commitment, Everstone Capital Partners II (Fund II), a 2010 vintage fund with US$580 million in capital commitments and to Indivision India Partners (Fund I), US$425 million 2006 vintage fund. IFC's role and additionality consists of: (i) own account equity and; (ii) non-commercial risk mitigation
Ocean Sparkle II Ocean Sparkle Ltd. (OSL or the company) is the leading Indian provider of comprehensive port management services such as harbor towage, mooring, pilotage, ship-to-ship transfer of cargo, and control tower operations.  It currently owns and manages one of Indias largest fleets of harbor vessels (including 28 tugs and 17 other vessels) and provides port services to eight key ports across India.  Over the next three years, OSL expects to invest in several additional new/second-hand vessels for operations at ports, energy and offshore terminals in the country, which OSL does not now serve.  This project involves an IFC loan to support these investments. The project will support the continued expansion of a low-cost provider of port management services. As such, the project will provide benefits to port operators and port authorities, who can focus on core activities rather than the allied services that can be more efficiently provided by Ocean Sparkle. The project will also generate additional employment opportunities at the new locations to be serviced as part of the expansion.
South Asia Growth Fund II, L.P. IFC proposes an equity investment of up to US$15 million, capped at  20% of  aggregate commitments, with an equivalent amount of co-investment envelope, in South Asia Growth Fund II, L.P (the Fund or SAGF II), a limited partnership organized under the laws of Province of Ontario, Canada. The Fund is targeting US$200 million in commitments to invest in 8-10 companies focused on clean energy supply and resource efficiency in India and opportunistically in Bangladesh. Project level outcomes are: (i) Access to equity for small to mid-cap companies in India; (ii) Increased environmental and energy efficiency within targeted sectors in India.
Market creation outcome is linked to the Fund's portfolio companies' ability to promote and scale resource efficiency and technology solutions.
Ambit Pragma II The proposed IFC investment is in Ambit Pragma Fund II (the Fund), a growth capital private equity fund with a target size of $150 million. The Fund will finance Indian small and medium enterprises (SMEs) targeting fundamental market needs in second and third tier cities.  The Fund will focus on scaling up affordable models in the following sectors: healthcare and wellness, logistics, infrastructure services, branded consumer packaged goods, and entertainment services and leisure. The Funds investments in target companies are expected to generate significant employment, increase access to services across India, including in underserved regions and improve corporate governance practices in the portfolio companies. Ambit Pragma Ventures Private Limited will be the Manager of the Fund. (i)	Support of SMEs: target investee companies will be SME''s   (ii)	Private sector development, addition of value to portfolio companies by means of improved corporate governance and transparency   (iii)	Providing advice and risk capital to enable faster growth in portfolio companies    (iv)	Supporting high growth companies which will reach the bottom of the pyramid, and create jobs at a faster rate than the national average   (v)	Contributing to sustainable economic development by incorporating environmental and social standards