devinitorg/iati-policy-markers huggingface dataset:
DCM HDFC Bond 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 envisages a debt investment in Housing Development Finance Corporation Limited.    (HDFC or the Company) which is the largest private sectorHousing Finance Company (HFC) in India, headquartered in Mumbai, Maharashtra with a customer base of5.7 million customers and a loan portfolio of approximately INR2.8 trillion (US$42billion equivalent) as of December 2016. The investment proceeds from the proposed project by IFC would be used to support HDFC for on-lending to developers of affordable housing projects in India. Increase supply of affordable housing: India does not yet have a vibrant affordable housing market. While the shortage is huge (estimated at about 19 million units in urban areas), the supply of stock is still low. In this respect, the proposed project will create a large dedicated pool of funding that would help jumpstart the market with a big impact. 

Demonstration Effect: Partnering through the proposed project, IFC and HDFC expect that this demonstration would encourage other like-minded HFCs, FIs, banks and investment funds to follow suit and produce impact, much bigger than the direct funding of the proposed project. 

Job Creation: Real Estate and construction is one of the largest job creators in India. India is estimated to need around 76.5 million workers in the building, construction and real estate sector by 2022, with demand for affordable housing is more likely to increase from current level of 29 million households to more than 38 million households by 2030. In addition, there are at least 250 ancillary industries that shall further expand job creation. This initiative, by providing direct stimulus to affordable housing construction, will generate very positive impacts on employment and growth.
SREI International Finance Ltd. Summary Of Project Information (SPI)       Project Name    India-SREI              Region    Asia        Sector       Project No008057   Projected Board DateMay 22, 1997   Company NameSREI International Finance Limited   Technical Partner and/or Major Shareholders    	Kanoria family    Project Cost Including proposed IFC investment    	IFC Loan: US$15 million; IFC equity: US$3 million    Location of project and Description of site    	Calcutta    Description of Company and Purpose of Project    	The project consists of a US$15 million credit line to SREI (the Facility) which would be used to fund long-term leases or loans involving small and medium scale infrastructure projects in India.  IFC is also considering an equity investment (US$3 million) in the Company. The Facility would be an effective way of channeling long-term funds to financially and economically viable infrastructure projects which are too small for IFC to finance directly, through a financial intermediary with a proven track record and a strong local presence. A major constraint to private infrastructure investments in India has been the lack of necessary market mechanisms to provide funds in terms of  maturity, structure, and volume required. This is true not only of the larger infrastructure projects, but also small to medium sized projects which are wholly dependent on local financial institutions for financing.  SREI has been engaged in financing a variety of infrastructure assets, particularly in the small to medium sized sector, and is committed to supporting the future development of the infrastructure sector.    Environmental Category and Issues    	This is a Financial Intermediary (FI) category project according to IFCs environmental review procedure.  SREI will be required to undertake an environmental review of eligible borrowers environmental performance and each sub-projects compliance with applicable host country environmental, health and safety laws, regulations and standards as well as applicable World Bank policies and guidelines.  IFCs Environment Division will review and clear Category A sub-projects.       Date SPI sent to PIC:  April 23, 1997          For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365
Meghmani Finechem Limited Meghmani Organics Limited (MOL or the sponsor), a manufacturer of specialty chemicals in Gujarat, India has set up a new company - Meghmani Finechem Limited (MFL or the company), which will construct and operate a 110,000 tons per annum (tpa) chlor-alkali plant together with a 40MW captive power plant, both at a greenfield site at Dahej, Gujarat.  The proposed project supports the efforts of MOL to improve its competitiveness by partial backward integration of its operations while using environment-friendly membrane cell technology.  The chlor-alkali plant is expected to become operational in CY2009.  MOL views MFL as the vehicle for the future investments and growth which will build on MOLs technical expertise and existing operations.  After the project, which represents Phase I, is complete, the shareholders hope to move into Phase II, which would focus on downstream chlorine derivatives such as PVC, ECH, mono-chloro acetic acid, cyanuric chloride, aluminum chloride, calcium chloride, methyl chloride, hydrogen peroxide and others. The project will help establish international standards of environmental and social performance for MFLs facilities using the environmentally friendly membrane cells technology. The benefits can be expected to have a positive demonstration effect on its competitors, thus encouraging other Indian chemical companies to improve competitiveness in the global markets and at the same time adopt the modern technology and environment-friendly operating standards.  In addition, the project is expected to have the following measurable developmental benefits:  - Once operational, the project is expected to create about 500 new jobs on permanent basis which would be available for locals.  Indicator: number of jobs at the plant starting at 2010.  - During construction period, the project is expected to create 200 to 1000 temporary construction jobs depending on the construction phase.  Indicator: number of construction workers employed 2009.  - The project generate downstream economic impact in the local economy as the company will planning to source its main feedstock (raw salt) from local producers, primarily SMEs, in Dahej area.  Indicator: value of raw materials sourced from local producers.
Jain NBFC Project The proposed project involves an equity investment by IFC in a new Non-Banking Finance Company (NBFC) being set up by the sponsors of Jain Irrigation Systems Limited (JISL) - an existing IFC client  subject to receipt of relevant regulatory approvals. The NBFC will finance the purchase of micro drip irrigation (MIS) and other agri-productivity tools in rural India. The project is intended to create a viable player in the rural financing space with support from an established industrial player that has significant rural presence. 1.	Increased Access to Finance in Rural Areas: The project shall increase access to finance among smaller farmers who currently have limited access to credit in purchase of agricultural productivity tools.
2.	Improved Utilization of Water Resources: MIS and drip irrigation is capital intensive from the point of view of most small farmers. With improved credit access, it is expected that increased number of farmers would install MIS systems which would improve Water Use Efficiency which is a critical consideration as water resources start becoming scarce.
3.	Demonstration Effect: The proposed project shall demonstrate a commercially viable financing model for agricultural credit needs in rural India. This project brings together a strong sponsor and management team, institutional shareholders and an existing distribution set-up which improve its chances of creating a strong demonstration effect.
HDFC - Loan Housing Development Finance Corporation Limited (HDFC or the company) is one of India's premier financial institutions. The company was incorporated in 1977 with a share capital of Rs.100 million ($11 million) and has since grown to become the largest residential mortgage finance institution in the country, with over 50% of the total market share and a market capitalization of $1.9 billion equivalent.

The purpose of the project is to provide HDFC long-term funding not available in the local market and to assist the company in extending the maturity of syndicated funding accessible internationally.  Funds from the investment would be used by HDFC to extend its reach to the underserved middle and lower income segments of the population in India.
Kaizen Project Kaizen Private Equity LLC (Kaizen or the Fund) is an approximately $80 million single sector private equity fund dedicated to investments in the education sector in India.  The target Fund size is capped at $100 million with over 50% of the investment expected from institutional investors.  The Fund aims to provide capital financing to education companies in their growth stage and will focus on operational improvements in its portfolio companies.  Kaizen will be the first education sector-specific private equity fund in India. The Fund will be incorporated under the laws of Mauritius as a public limited liability company. The project is expected to have a high development impact in the following areas:
Provision of long-term equity capital to institutions in the education sector value chain and thus increasing access to education in India.  This type of funding is not readily available in the market.
Operational improvements to portfolio companies in the education sector in India through the value add role of the Managers. This will improve the quality and sustainability of education sector institutions in India and make them more attractive to strategic investors.
Demonstration of successful private equity investments in an underserved sector, thereby building confidence amongst institutional investors to invest in India and the sector.
Continental Carbon of India Limited II Continental Carbon India Limited (CCIL, the Company), located in Ghaziabad, State of Uttar Pradesh, India, is a carbon black manufacturing company with the nameplate capacity to produce up to 65,000 tons per annum (tpa) of carbon black.  The company has requested IFC assistance for the financing of its project, consisting of the following components:     -  the construction and operation of about a 15 MW power co-generation facility;    -  the de-bottlenecking and modernization of its existing carbon black facility; and    -  the restructuring of the outstanding IFC A and B loan maturities in the amount of $11.75 million.      The project is scheduled to be completed in June 2008.  IFC financed the original project in 2001 (IFC/R2001-0017) which was to upgrade, modernize and expand an existing carbon black plant acquired from Oriental Carbon & Chemicals Limited, providing $9.0 million in A loan and $11.5 million in B loans.
Dunar Foods Limited Dunar, headquartered in Karnal, India is in the business of procurement, processing and supply of basmati rice. The Company owns two production facilities in Karnal, Haryana (modernized in 1996) and Amritsar, Punjab (commissioned in March 2010). The processing capacity of Karnal facility is 26 tons per hour (tph), while that for Amritsar facility is 24 tph.

Dunar plans to invest in the expansion of its production capacity in Karnal from 26 tph to 50 tph during the next two years. It will also invest in additional silo capacity of 60,000 metric ton and rice husk-based power generation capacity of 3 MW in Karnal  and a new rice husk-based power plant of 2 MW in Amritsar (in addition to the existing 1 MW capacity). (i) This Project is expected to generate new rural employment of 34 permanent and about 100 seasonal employees in Haryana and Punjab in three years. 
(ii) This Project is likely to create additional backward linkages with farmers as it is expected to increase procurement of basmati rice paddies from about 230,000 mt to 440,000 mt in three years, via "mandis" (markets) from farmers in various states.
(iii) This Project is likely to create forward linkages with SME distributors as well. 
(iv) This Project will provide climate change benefits by adding 5 MW husk power generation capacity.
West Coast Paper West Coast Paper Mills Ltd. (West Coast or the company), one of the largest integrated printing and writing paper manufacturers in India, is to invest about $303 million in a modernization and expansion project consisting of: 

- installation of a new elemental chlorine free (ECF) fiber line with capacity of about 246,500 tpa bleached pulp and auxiliary facilities; 
- addition of a new writing and printing paper machine having an installed capacity of about 135,000 tpa; 
- upgrading of existing  duplex board machines to improve quality and increase production by about 6,500 tpa; and 
- augmentation of the existing utilities and services to support the new ECF pulp mill and paper machine. The project will improve the competitiveness of West Coast.  The installation of new and better technology equipment will allow the company to lower production cost through better utilization of raw materials and energy.  Moreover, the company will improve its environmental performance, and upgrade its product quality while also achieving better economies of scale as a result of the capacity increase.  Profitability should improve and consumers are expected to benefit from the widening product range and increasing proportion of value-added products.  West Coasts farm forestry research work (developing genetically enhanced seedlings) and farm forestry initiatives (contract forestry  in adjoining districts) is expected to result in reduction in transportation cost due to a decrease in the average sourcing distance from about 700 km to about 200 km.  

West Coast is the only company with significant operations in Dandeli and the livelihood of people in and around Dandeli is linked to West Coast either directly or indirectly.  The company currently employs about 4,200 people directly and through contractors and provides indirect employment to more than 15,000 people through its farm forestry program.  Further growth of West Coasts farm forestry program will create additional indirect employment opportunities for communities in and around Dandeli.
Atul Ltd Project Atul Limited (Atul or the Company) is a leading chemicals manufacturer in Western India.  The Companys main facilities are located in the towns of Atul and Ankleshwar in the state of Gujarat.  Atul has adopted a strategy to transform into a global market leader for a few select products while retaining a smaller portfolio of commodity products where the company can sustain its low cost advantages.  The proposed $40 million project involves support for: 

-  developing new fungicide and herbicide products; 
-  rationalizing the dyestuff range to focus on value added products; and 
-  expanding capacity of export products with high growth potential.
Fullerton Loan The proposed project comprised a senior secured debt funding of up to $100mn to Fullerton India Credit Company Ltd (FICCL or the Company). The purpose of the proposed IFC investment is to support the Company's lending program to micro, small and medium enterprises (MSMEs) in India, especially in Low-Income States (LIS), and also to women entrepreneurs.   FICCL is a diversified MSME-focused non-banking finance company (NBFC) headquartered in Mumbai. It has 648 branches and is present in over 58,000 thousand villages in India. As of end December 2019, FICCLs loan portfolio stood at INR247 billion (US$3.3 billion). Gross non-performing assets (NPA) stood at 2.6% and net NPA at 1.4%. The Companys annualized return on assets and return on equity stood at 3.6% and 20.2% respectively for the first three quarters of FY20. Stakeholder Effects: The project is expected to contribute positively to job creation by improving access to finance for MSMEs in the low-income states of India. Further, IFC anticipates the project to support FICCL in increasing its lending to women owned MSMEs. 

Market Impact: The implementation of the proposed project will support the continued flow of credit to the MSME sector. The financing provided to FICCL and similar MSME focused NBFCs is critical for the livelihood of the customers found in the MSME segment. FICCL will be primarily catering to the need of the additional first-time borrowers who entered the market and will be demonstrating the financial viability of serving the unserved segment, especially the entrepreneurs, including women, in the low-income states.
Piramal Capital and Housing Finance Limited The proposed investment comprises s senior debt investment in Piramal Capital & Housing Finance Limited (PCHFL or the Company), a housing finance company (HFC). PCHFL provides a range of products in the real-estate sector for both wholesale and retail segments. In addition to this the Company also provides corporate finance loans for companies in the infrastructure sector and small-medium-enterprise loans for emerging corporates. PCHFL is the financials services arm of the Piramal Group which is a US$11 billion conglomerate engaged in sectors such as healthcare & pharmaceutical, real-estate and financial services.      As of December 31, 2018, PCHFL has an asset base of INR540 billion (US$7.7 billion) and loan portfolio of INR417 billion (US$6 billion). The proposed IFC debt facility will enable PCHFL to expand its affordable home loan (retail) portfolio. 1. Access to housing finance: This Project will help in expanding the outreach of access to housing finance loans. IFC's support to PCHFL is aimed at supporting PCHFL's strategic intention to grow its affordable housing portfolio in a significant way in the near term.
Kalyani Gerdau The proposed project will support the expansion of the steel activities of the Gerdau Group (Gerdau), the Brazilian steel major, through a debt to Kalyani Gerdau Steels Limited (KGSL) in Karnataka, India. This debt will be used to finance a 6MW gas recycling power generation plant, a sintering plant and a rolling mill. Support Indias infrastructure development through creation of adequate steel capacity 
Support conversion of an idle asset into an operating asset, with global efficiencies
Promote energy efficiency through gas recycling power generation plant and reduce heat emission into the environment
Create a number of direct and indirect jobs in and around the region, by reviving the operations of the plant
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         The project involves equity investment of  US$7 million in Coverfox, an online licensed insurance broker in India, established in 2013. The company has integrated with more than 30 insurers and offers more than 100 insurance policies in Motor, Life, Health and Term Life insurance. It currently operates in the B2C segment by providing customized real-time quotes directly to users, and providing timely and quality customer service from fulfilment to claim settlement. Coverfox also plans to ramp up its B2B2C segment by leveraging the existing insurance agent network to distribute insurance policies by providing a platform app called Coverdrive to Point of Sales Persons (POSPs) who currently lack appropriate tools to manage their agent business. 1. Improved accessibility of insurance to uninsured. This will improve market efficiency and increase the options available to individuals. 
2. Improved transparency and quality as Coverfox allows for immediate comparability. It greatly reduces the time and effort of shopping for the best insurance product for consumers, leading to more informed decisions. 
3. Improved efficiency for insurance agents who are mostly sole proprietorship or microenterprises, by providing access to wider choice of insurers, cross-selling opportunities and better CRM tool as well as customer support.
DCM L&TF Project The proposed investment comprises a (5-year) senior, secured funding of up to INR9,000M or US$125M to L&T Finance Limited (L&TF or the Company). IFCs investment will support the agriculture segment in India by helping L&TF augment its farm equipment financing portfolio. L&TF will match IFCs investment 3x by contributing up to US$375M for the same end-use, and at least 60% of the combined fund will be utilized for on-lending to the low-income states of India.  L&TF is the rural financing focused arm of L&T Finance Holdings (L&TFH or the holdco) which is the financial services holdco of the L&T Group. L&TF loan book comprises of: (i) rural (54%) (ii) real estate financing (18%), (iii) wholesale financing (26%) and (iv) others (2%). The rural book, which is the focus segment of this entity can be further segmented into farm equipment financing, 2-wheeler financing and micro loans. As of December 31, 2018, L&TFs AUM stood at INR435B (US$6.04B) and equity at INR90B (US$1.25B). IFC may also mobilize additional funding from other investors for the project. 1.	Increased access to farm equipment finance for rural farmers and very small enterprises (VSEs) in low-income states: The project will provide access to finance to farmers including those in low-income states with critical funds needed for them to modernize their farming techniques, thus enabling resource efficient growth.

2.	Inclusion & resilience: The success of this investment would enable further market development. This project is part of a programmatic approach under the liquidity facility for NBFCs in response to the recent liquidity shortage.
Magma NCD Project Magma Fincorp Limited (Magma or the Company) is one of the top 20 NBFCs in India, with presence in 21 Indian states with total of 280 branches primarily targeting the semi-urban and rural markets. Magma has a portfolio volume of INR 172.2 billion (US$2.8bn) as of December 31, 2013. The Company plans to utilize the funds raised through issuance of NCDs to augment its capital adequacy, continue to focus on penetration in low income states, especially targeting customers with lower incomes by financing smaller assets with smaller ticket sizes. Demonstration effect: In the current market environment, the proposed investment would encourage other institutional investors to consider investment in the Indian corporate debt market.   Additional Reach: Magma has an outstanding portfolio volume of US$2.8 billion spread across more than 400,000 customers as of December 13. The investment is expected to reach around 700,000 customers between FY14-19. IFC''s support would also help Magma in scaling-up operations in several LIS.