devinitorg/iati-policy-markers huggingface dataset:
VW-India Pvt. Ltd. The project will support the completion of a EUR580 million integrated car manufacturing plant, with an initial capacity of 110,000 units in Pune, India (the Project), by Volkswagen India Private Ltd. (the Company).  The Company was incorporated in 2007, and Project implementation started in 2007. Construction of the plant building and ancillary facilities is expected to be completed in the second quarter of 2009. The Company will target the small to compact car segments of the Indian market and expects to create a cost-competitive base for large-scale market expansion, which is expected to be achieved through a high degree of localization of the supplier base. The Project will have a number of important development impacts, and is expected to:   - Increase competitiveness of the Indian automotive sector: Through the Project, VW AG will transfer technological know-how and help develop technical and management skills in the automotive cluster in Pune, which will help to strengthen competitiveness of Indias growing automotive sector.  - generate employment and provide training: The Project will benefit the local population by generating significant new employment (about 2,500 direct jobs as well as around 10,000 indirect jobs through the value chain from suppliers to distributors and dealers).   - provide strong demonstration effect:  In the context of the ongoing global liquidity crisis, successful completion of a Project undertaken by a world-class OEM is expected to provide a positive demonstration effect to other foreign investors and encourage more foreign direct investment into India.   - improve energy consumption in product manufacturing and product usage: VW AGs technology is more efficient in terms of energy consumption in the manufacturing process than is currently the norm in the Indian automotive industry. In addition, the vehicles to be produced in India are expected to have lower fuel consumption and thereby positively affect climate change, due to lower emissions throughout the product cycle.
DCM TCFSL Project The proposed investment comprises up to US$125 million equivalent investment in Tata Capital Financial Services Limited (TCFSL or the Company) through subscription of secured, redeemable non-convertible debentures (NCDs) to be issued by the Company. TCFSL, a wholly-owned subsidiary of Tata Capital Limited (TCL) and has a diversified portfolio across retail, small and medium enterprises (SMEs), and corporates. As of March 2023, TCFSL has an asset under management (AUM) of US$8.77 billion, supported by an equity base of US$1.25 billion The proceeds of the IFC investment will be primarily used to expand TCFSLs microfinance portfolio, of which 100% of the loans are provided to women-owned micro-enterprises on a joint-liability-group (JLG) model (the Project). 1.	Stakeholder Effect: Improved access to microfinance: IFC investment will support TCFSL to expand its microfinance portfolio targeting women micro-entrepreneurs. 
2.	Market Creation: Expansion of the lending portfolio towards women micro-entrepreneurs by a Tata group company will signal lender confidence in this segment which is emerging from the impacts of the pandemic and will support further equitable growth demonstration and replication channels.
Craftsman I The Project involves the setting up of up to four new units in strategic locations close to Original Equipment Manufacturers (OEMs) and their subsidiaries in the commercial vehicles and tractors segment. These new units will provide machining services to the OEMs and their subsidiaries. In addition to the new units, the Project will also involve the expansion of the Project Companys existing facilities in India. (i) Supporting investment in low income states: Craftsman's investments in Jharkhand and Madhya Pradesh will result in increased employment and enhance the skill sets of local personnel. Further, IFC's investment may have a demonstration effect, encouraging other institutions to invest in these states as well; 
(ii) Climate change impact: The Company has set up a business that manufactures windmill gears thereby assisting the renewable energy industry; 
(iii) The Project will result in the creation of around 600 direct jobs and 300 indirect jobs over the next three years; and
(iv) Strengthening the corporate governance of the Company through IFCs advisory services as it prepares to access public markets for further growth.
Himatsingka Loan Himatsingka Seide Limited (HSL or the Company) is one of the leading vertically integrated home textile manufacturing companies that designs, develops, manufactures and distributes a suite of home textile products. IFC is proposing a financing package of up to US$69   million equivalent to HSL. The proposed investment would be used towards (i) refinancing HSLs existing long-term debt of approximately US$51.6 million, (ii) capital expenditure of approximately US$5.2 million towards debottlenecking of HSLs terry towel capacity and (iii) approximately US$12.2 million towards corporate decarbonization exercise, (the Project). The Project will contribute to Indias GDP, both directly and indirectly through effects in the value chains (warehousing and logistics, cleaning, maintenance, design, R&D, marketing, mechanical and electrical engineering). The investment is also expected to create approximately 100 full time direct jobs in a formal setting, while indirect and induced employment will be created in the home textiles value chain. Additionally, the Project will enable decarbonizing the clients steam and electricity generation processes, signaling to other market players the commercial feasibility of a low-carbon pathway in the Indian textile industry.
Infuse Capital INFUSE Capital (INFUSE or the Fund) is a sustainable energy and cleantech focused incubation and early stage fund aimed at seeding and supporting scalable ventures in India through equity investment up to US $ 1.5 million per venture. INFUSE is housed at Indian Institute of Management Ahmedabads business incubator  the Centre for Innovation Incubation and Entrepreneurship (CIIE) - and currently backed by BP Ventures (BPs corporate venturing arm) and Government of Indias Ministry of New and Renewable Energy (MNRE) & Technology Development Board (TDB).  INFUSE aims to raise a US$25 million fund that will invest in technology and business model innovation based entrepreneurial solutions across the cleantech vertical. INFUSE will bridge the early-stage equity gap in this sector and simultaneously build an enabling ecosystem for eco-ventures in India. 1) Environmental impact: India is currently the third largest CO2 emitter and by 2030, India's share of global emissions is expected to increase 60%, which represents the largest expected percentage increase of any nation. Because of India's existing energy infrastructure is insufficient and inefficient, there exists an opportunity to shift development away from the model of fossil-fuel centric generation & old technologies to clean technologies. Demonstrating that cleantech investment is profitable in India may spur the type of widespread private sector adoption that could help alter India's emerging carbon emissions footprint.   2) Narrowing the Gap of funding of Early Stage Cleantech Companies: Despite presence of affordable, globally proven technologies, there exists a gap in funding for early-stage cleantech companies in India, with no major VC actively investing them in an ongoing basis. Demonstrating that investment in early-stage companies in cleantech sector is profitable and may lead to increased inflow of much needed private capital for the sector.
DCM Aavas Green Housing The proposed project envisages an Indian Rupee (INR) denominated investment of up to US$75 million equivalent in Aavas Financiers Limited (Aavas or the Company), an existing debt client of IFC. The investment will be made by subscribing to the non convertible debentures to be issued by Aavas with a tenor of 5 years. Aavas will use the proceeds of the issuance for providing affordable housing finance for the purchase/ construction and extension of houses to individuals in low-income groups in India (the Project). The Company is in an advisory project with IFC to help develop its green affordable housing business, and there are discussions underway to use part of the IFC proceeds for financing retail purchases of green housing. Project outcomes: Stakeholder effects  Improved access to affordable housing finance: Rapid urbanization in India and the lack of affordable housing finance has led to several challenges including congestion, pressure on basic amenities and a severe shortage of housing units in cities, especially in low-cost segment. Majority of IFC's investment will be reserved for financing Economically Weaker Section (EWS) and Lower Income Group (LIG) segments.

Stakeholder effects  Increased access to green housing finance: In addition to increasing access to affordable housing finance, the Project will also support Aavas in developing its green housing portfolio, with part of the total investment proceeds going towards green housing.

Market creation: Competitiveness: IFC's support for the Project, will promote greater competitiveness in the affordable housing segment, by demonstrating the viability of providing such financing to lower income segments like EWS and LIG. The housing market in India is very active with both banks as well as NBFCs and HFCs engaging in providing housing finance. However, most of the larger NBFCs and HFCs focus on providing housing finance to higher income groups, and lower income groups remain unserved/underserved despite the massive shortages of affordable housing for these groups. Although, IFC has been supporting the development of affordable housing financiers through continued interventions, the shortage is substantial and would require continuous support, including supporting the development of the medium-sized regional NBFCs and HFCs that service lower-income groups.
DFP DREAM Fund The proposed project entails an IFC investment of up to US$ 150 million in HDFC Capital Development of Real Estate Affordable and Mid-Income Fund  1 by HDFC Capital AIF  4 (H-DREAM Fund), an innovative fund focused on investing in senior, secured green loans and other debt instruments issued by developers of for-sale, green residential real estate. The H-DREAM Fund will have a target corpus of US$ 1 billion (US$ 500 million with a green shoe of US$ 500 million) and will be managed by the real estate private equity arm of HDFC Group, HDFC Capital Advisors Limited (HDFC Capital).   The H-DREAM Fund will be established as a SEBI Category II Alternate Investment Fund (AIF). The residential housing projects financed by the H-DREAM Fund will adhere to the IFC Excellence in Design for Greater Efficiencies (EDGE) green building framework and will be focused on the affordable and mid-income housing segments in Tier 1 and Tier 2 cities across India. Project Outcomes: 
Stakeholder Effects: The main Project outcomes include increased access to customized green financing to real estate developers for the construction of green residential housing units. The fund is focused on supply side financing which is expected to enable the development of affordable and mid-income green housing units in Tier I and Tier II cities in India. 

Contribution to Market Creation
Integration: The project aims to create a specialized fund which provides a tailored and innovative product for financing the development of affordable green housing in India. This initiative will infuse fresh capital into the climate finance sector and encourage the issuance of green finance instruments by real estate developers. The project's success will demonstrate the economic feasibility of innovative financing structures and attract long-term capital into the sector.
Granules II Granules India Limited (Granules or the Company) an existing IFC client is a leading Contract Manufacturing Organization supplying high volume Active Pharmaceutical Ingredients, Pharmaceutical Formulation Intermediates (PFIs) and finished formulations to the bulk over-the-counter drugs industry in the US, Europe, Latin America, Australia and India. Granules has three wholly-owned manufacturing plants near Hyderabad in India (Jeedimetla, Bonthapally, and Gagillapur) and one plant in China through a 50:50 joint venture.

The company is undertaking an investment program (the Project) estimated to cost about $22 million, comprising of: expanding the capacity of its multi-product tableting plant, expanding the capacity of its PFI plant and expanding its warehousing capacity. - The Project will significantly demonstrate how domestic companies use their strong comparative advantages of low cost of production and scale to exploit the opportunities that enable them to move up the pharmaceutical value chain in selling to more regulated markets.
- The Project will support the Company's expansion enabling wider availability of high quality, low cost drugs in developed and developing markets.
Grameen Koota Financial Services The proposed investment envisages a senior debt investment in Grameen Koota Financial Services Private Limited (Grameen Koota or the Company) which is a Reserve Bank of India (RBI) registered non-banking finance company microfinance institution (NBFC-MFI) and has been in micro-credit operations since 1999. The Company operates in 5 Indian States across 71 districts through 298 branches and has a borrower base of around 1.2 million woman borrowers, a loan portfolio of INR1,800 million (approximately US$272 million equivalent). It is the 6th largest MFI (in terms of gross loans) in India as of December 2015.  IFCs proposed investment will help Grameen Koota to diversify its sources of funding and to expand the outreach of access to microfinance to borrowers who have little or no access to formal sources of financing. 1. Access to Microfinance: This project will support the Company in expanding the outreach of access to microfinance to borrowers, especially low-income households, who have little or no access to formal sources of financing. 2. Balanced growth of Microfinance: This investment will promote a more balanced growth of microfinance in India. Grameen Koota''s operations are expanding in western and central India where MFI penetration has historically been low.
Leapfrog Accelerator LLC Leapfrog  is a holding company formed to create, fund, and control businesses focused in the semiconductor systems and related software areas.       Development Impact   .  Leapfrog is expected to provide a major push for India to enter the higher-end of the IT industry.  As competition from lower-wage countries increases in the IT sector, India faces a significant challenge in moving up the curve into higher value-added products and services.  Leapfrog is a notable initiative in this direction.  The management team''s renown in the global semiconductor industry makes Leapfrog an exceptional opportunity to carry the Indian IT industry in a challenging new direction. In addition, Leapfrogs management team, niche strategy, off-shore/on-shore experience and networks, business processes, and independence, will provide an important demonstration effect for the broader technology investment industry in India.     IFC Role   .  IFC participation in the project offers a number of benefits, including:     Channeling support to leading-edge Indian technology companies in a difficult funding environment.   Providing follow-on financing to meet growth needs of sub-investee companies.   Giving additional comfort to Silicon-valley based investors bringing world-class relationships and expertise to the Indian market.   Demonstration effect for high-technology investment in other IFC client countries.
AllainDuhanganII The project involves additional financing to support the completion of a 192MW run-of-the-river hydroelectric power plant (HPP) in the Kullu District of Himachal Pradesh (Northern India).  The project is being implemented by AD Hydro Power Limited (ADHPL).  Construction began in early 2005 and is approximately 60% complete.  The project is facing cost over-runs due to inflation in steel, cement and labor prices, new regulatory requirements, and geological problems experienced in the tunneling works.  In 2004, IFCs Board previously approved financing of an A Loan of Rs1,840 million ($46.0 million) and equity of $7.0 million towards the construction of the plant (   project 11632   ).  IFC publicly disclosed project information and environmental and social documentation prior to that approval. The positive development impact of the project remains as identified in the original Allain Duhangan Summary of Project Information and includes:  - providing much needed incremental peaking power to the Northern grid; - helping to improve the hydro-thermal mix in the country;  - being among the first power projects to be selling power on a merchant basis to third parties and hence providing a strong demonstration effect for private hydropower development in the country;  - helping the local economy through creation of contractual local jobs during construction and permanent jobs during operation (over 3,500 contracts have been given to local firms);  - private investment in the power sector will reduce the need for public investment and allow the government to deploy more resources to meet poverty alleviation and social development objectives;  - supporting the competitiveness of the manufacturing sector by providing reliable power at a competitive tariff;  - providing royalties to the GOHP (12% of power for the first 12 years and 18% thereafter); and  - reducing carbon emissions in Northern India (an average of approximately 600,000 tons of Carbon Emission Reductions per year).    Due to rapid economic growth, India as a whole and Northern India in particular are experiencing acute power shortages, so the need for this project and its benefits are greater today than they were when it was first approved.
HNG Float Project The proposed project is to construct and operate a greenfield float glass manufacturing plant by a newly formed company, HNG Float Glass Limited (HNGFG or the company), in Halol, Gujarat state, India with a capacity of 600 tons per day (tpd). Expected development impacts of the project include: 

- Support capacity increase for a floatglass product, which is technologically superior to sheet glass and which is expected to face supply shortages in the medium term due to continued strong domestic demand growth;
- Contribute to better quality construction and housing sector by providing a technically superior floatglass product, which is not widely used in India;
- Create direct employment and related ancillary economic activities in the Gujarat region; and
- Set high environmental, social and health performance standards, which can be expected to have a positive demonstration effect in the region.
Apollo equity Apollo Hospitals Enterprise Limited (Apollo or the company) is the holding company of the largest private integrated healthcare group in India, with 16 owned and 24 managed hospitals (bed capacity of over 5,000), a network of 206 retail pharmacies and a healthcare management consulting practice.  Through a number of joint ventures and associated companies, its business lines include also clinical and diagnostic services, medical business process outsourcing and insurance services.

Apollo is in the process of raising funds for the implementation of the companys strategy, designed to strengthen its position of a market leader by taking advantage of existing growth and consolidation opportunities in its domestic market, as well as build on its established brand name by expanding to new markets.
VCT II Project Visakha Container Terminals Pvt. Ltd (VCTPL or Company) has been operating a container terminal since 2003 on a 449-meter berth (VCT I) at Visakhapatnam Port in the state of Andhra Pradesh, India. The Company has been awarded a 30-year concession by Visakhapatnam Port Trust (VPT) to develop, operate & maintain a 395-meter extension of the existing 449-meter berth (VCT II or Project). The expected container handling capability of VCT II is 0.75 million TEUs.   IFC is considering a financing package up to INR equivalent of US$ 103 million, including an A loan of US$ 46 million and parallel loans of US$ 57 million. 1.	Modernization of the Logistic and Transport Support for the Growth of the Vast Indian Hinterland: The container terminal at Vishakhapatnam is the primary gateway for container traffic for the Indian states of Andhra Pradesh, Chhattisgarh and Odisha. The Project will double the existing container handling capacity enabling foreign trade in India's vast hinterland to pass through much more efficiently at lower the cost. The improved port will increase revenues for the government through royalty payments and taxes; more importantly, the increased foreign trade will provide more economic opportunity and create jobs for the people living in the hinterland states.

2.	Enhancing India's Strategic Collaboration with a Neighbouring Country: Due to its geographic location and the port conditions (deep-sea berths and convenient rail link), the container terminal expects to attract a significant amount of Nepal's foreign trade traffic volume, estimated at 100k TEUs per annum at present, after the improvement of the port capacity and facility. The Project will accommodate larger container vessels, allow for faster turnaround times and in conjunction with the direct rake service to Birgunj, improve the connectivity of Nepal, a land-locked country, with the global economy.
Cube Highways IFC is considering an equity investment in a holding company (Road Holdco or the Company), developed by I Squared Capital (ISQ), which will primarily acquire operating road assets in India. The Company may also acquire other transportation and logistics assets like parking facilities, logistics infrastructure, and other such assets. ISQ is currently in advanced stages of evaluating multiple operational toll roads to be acquired by the Road Holdco.     Update related to additional investment under the COVID-19 response facility:  IFC has committed USD 15 million to Cube Highways and Infrastructure Pte Limited (Road Holdco or the Company) on February 15, 2021. The investment is in the form of an A-loan for the purposes of managing immediate working capital requirements and cash flow mismatches of its operating subsidiaries in India. In the current pandemic the Company faces an increased risk due to traffic reduction, 25-days ban on toll collections in Mar-Apr 2020, and liquidity constraints in the domestic financial markets.     Update related to additional investment for Ghaziabad Aligarh Expressway Private Limited:     Road Holdco. has acquired another asset - Ghaziabad Aligarh Expressway Private Limited (GAEPL). IFC has disbursed US$ 8.7 mn as part of its proportion of the shareholders contribution to the project. IFC facility will be utilized for the acquiring the asset and capital expenditure related to the six-laning and major maintenance for it.      GAEPL operates a 126 km toll-road between the cities of Ghaziabad and Aligarh in the Low-Income state of Uttar Pradesh, India under a 24-year BOT concession granted by the National Highway Authority of India (NHAI).  It is part of a national corridor that connects Delhi NCR to Agra. The Project is expected to have the following development impact: 

A.	Support the critical roads infrastructure of the country, which is a priority for the Government of India. 
B.	Demonstration Impact: IFC will create a new investment vehicle which will demonstrate the potential of such consolidation of assets as a medium for channelizing long term risk-averse capital into India for infrastructure projects. The investment will also unlock developer equity and provide impetus to further infrastructure growth in the country.
C.	 An efficient transportation system is critical for sustaining economic growth and the burgeoning demand for passenger and freight movement. A good quality road network will link resources and markets into an integrated economy.