devinitorg/iati-policy-markers huggingface dataset:
HCG Project The proposed IFC equity investment in Healthcare Global Enterprises Ltd (HCG or the Company) is a part of the equity issuance of the HCG initial public offering (IPO). The HCG network of cancer centers is the largest provider of cancer care in India as measured by the number of cancer treatment centers licensed by the AERB, treating approximately 37,500 new patients per year  (as of March 31, 2015) in India with 14 existing cancer care centers, 3 diagnostics centers and 1 day care chemotherapy center. It operates its cancer centers across 13 cities and towns in 8 states. The Company also operates 2 multispecialty hospitals and has a presence in the reproductive health segment.    This proposed financing is a corporate financing with proceeds from the IPO expected to be utilized to fund the Companys India growth plans and partly for de-leveraging.  The Company plans to open 12 new cancer care centers (CCC), buy new medical equipment for its centers, upgrade its information technology (IT) systems, and repay debt to reduce overall leverage (Project). -	Expand access to high quality and affordable healthcare across India especially in Tier II cities: The proposed investment in HCG is aligned with IFC''s strategy in healthcare which includes partnering with leading providers to support their expansion into underserved markets, including in Tier II/III cities and low income states. The proposed investment is expected to help the Company''s growth plans of adding 915 beds, of which ~630 beds or ~70% will be in Tier II and the low income states of Madhya Pradesh, Uttar Pradesh and Rajasthan. The quality of services provided is expected to have a demonstration effect for other healthcare providers to establish operations in these cities.  -	Increase in patients reached: Since the Company is planning to increase its bed capacity by over 80% over the next few years, the Project is expected to increase the number of patients reached by quality cancer care network significantly over the next few years.  -	Enhancement of medical infrastructure: The Project will aid enhancement of the country''s oncology medical infrastructure and improve access to quality oncology healthcare services across Tier II cities in India. The proposed hospitals would provide access in areas where good quality cancer care equipment and services are often quite limited.  -	Employment generation: The Company currently employs approximately over 3,800 employees and medical consultants; the Project is expected to increase jobs to employees and medical consultants, including employment increasing in Tier II cities and low income states.   -	Providing access to specialized healthcare for the lower income segments of the population: The Company, through the HCG Foundation, performs surgeries to population in the lower income segment. Further, has patients from the Government schemes catering to the bottom of the pyramid population. The Project is expected to increase the number of patients reached through these efforts.
Sundaram Finance Sundaram Finance Limited (SFL or the company) is the flagship company of a Chennai-based diversified financial services conglomerate.  Sundaram Finance Group is engaged in vehicle finance, mortgage finance, general insurance, asset management and manufacturing of auto components through various group companies.  The promoters, belonging to the larger TVS Group, hold a 37% stake in the company with the other 63% widely held by  Indian and foreign institutional investors and by retail Indian shareholders.  SFL has a fifty year track record in financing the development of the road transport industry in India especially in the four southern states.  The company continues to build its auto and truck finance business with a solid reputation.  SFL is now one of the 5 largest Non-Bank Financial Companys (NBFCs) in India and is rated AAA for its medium term obligations by ICRA and AA+ by CRISIL for its fixed deposit obligations.  SFLs shares are listed on the national stock exchange of India.

This project is to assist Sundaram Finance Limited (SFL or the company), a leading Indian non-bank financial company, to lengthen the maturity of its liability profile and broaden its funding base.  IFC intends to grant a long-term loan of up to $45 million to SFL, to be used by the company to support its growing operations primarily for increasing trucking and automobile financing needs in rural and semi-rural areas -- a segment constituting an important part of the broader SME market and a critical part of the cargo transportation infrastructure in India.
Repco HFL Project The proposed project would involve an investment of up to INR 2,658.5 million (equivalent to US$40 million) in Non-convertible Debentures (NCDs) issued by  Repco Home Finance Limited (RHFL) The project is intended to support RHFL to increasing its reach and penetration in the affordable housing finance segment. The proposed investment is consistent with the World Bank Groups India Country Partnership Strategy (CPS) as it aligns with the engagement areas of (i) Inclusion  by improving access to affordable housing finance and enhancing investment in the low income states (ii) Transformation  through job creation by supporting the labor intensive affordable housing segment and (iii) Integration  giving increased access to financial services in Tier II and Tier III cities. Providing housing to the economically weaker segments: According to the housing plan of the Government of India, about 100 mn homes must be built in India, 95% of which will be in the economically weak and low-income categories - affordable housing segment. RHFL is focused on providing access to housing finance to low income borrowers, specifically those employed in the informal sector such as self-employed micro-entrepreneurs and un-organized sector salaried workers. This segment is largely ignored by the large HFCs and Banks owing to perceived higher risk profile of such borrowers and difficulty in credit assessment. IFC''s investment will directly expand the availability of housing finance to the low income and relatively excluded customer segments.   Job Creation: The construction industry is one of the largest employers of labour in urban India and affordable housing is the most labour intensive construction, providing high potential for employment opportunity to the urban poor. The provision of significant volumes of affordable housing finance will spur housing construction with positive linkage impacts on employment and growth.
CCIL CPLP Project Continental Carbon India Limited (CCIL) is a leading carbon black manufacturer in India. CCILs manufacturing facility is located in Ghaziabad, Uttar Pradesh, India and the Company sells its carbon black to tire and non tire companies across the country. The Company also operates a 15MW waste heat recovery power plant and sells the power to the national grid. To become more competitive, the Company has embarked on several cost reduction initiatives to improve its operational and financial performance. The proposed Project is one of these many initiatives.  This Project consists of four (4) individual sub-projects including the installation and commissioning of new reactors, air blowing and drying systems. These sub-projects will reduce costs and increase productivity of both the carbon black and the power production. They include the installation of: i) a highly energy efficient air blower that will reduce the oil consumption and provide a spare for existing Hard Black side process air blower, avoiding production loss; ii) an improved carcass reactor that will reduce electrical and thermal energy consumption during the conversion process; and iii) two smoke drying systems that will reduce the need for waste gas from the dryer now used to dry wet carbon black pellets, gas which will then be used for steam and power generation.  Total expected annual cost savings is $2.2 million. This Project supports cleaner production at the CCIL plant, which makes more efficient the use of inputs such as raw materials, energy and water along the chain of production. It results in cost savings and environmental benefits with fewer waste and lower CO2 emissions. The Project will also generate a few new employment opportunities during the implementation phase.     The key development indicators that are proposed to be monitored during the life of the IFC investment are:     - Annual electricity savings - Annual oil savings - Reduction in emissions - Loss reduction/ productivity increase - Power generation increase  The Project fits well with the objective of CPLP to finance CP investments that provide quantifiable cost saving benefits and positively impact the environment. This reduction in cost will enable the company to remain competitive in an industry where higher production cost have squeezed margins, and maintain its level of operations and of employment, as well as its current clientele. It will also provide incremental carbon black sales from the improved efficiency of its operations.
ESIP Blackbuck 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; }   Zinka Logistics Solutions Private Limited (Blackbuck or the Company), based in Bangalore, India, was established in 2015, and is a technology company focused on B2B logistics solutions for long-haul trucking.    Blackbucks nationwide technology platform brings together shippers and truckers through its online marketplace to book freight for inter-city transportation.    The Company is asset-light, and by matching truckers with shippers through its online platform, it is able to minimize downtime for trucks and maximize utility of the asset for the truck owner/operator.    The Company is focused on leveraging technology as it scales rapidly and continues helping companies transport freight nationwide. The proposed investment (Project) consists of up to US$10 million in equity for a minority stake to support the expansion of the Companys service offerings and further technology development. The proposed investment is closely aligned to the World Bank Group's strategy for economic development in India.
-	Increase Efficiency of Logistics Services across India: The long-haul, full-truck-load (FTL) trucking market in India is currently estimated to be ~US$70 billion and is largely offline and informal.  Trucks in India on average have 33% utilization, meaning they are either sitting/travelling empty, or are only partially filled a majority of the time. Blackbuck is helping bring transparency and increased efficiency to this market through its technology platform enabling increased utilization.  This allows transporters, truck owners, and enterprise clients to more efficiently locate, price, and transport freight.

-	Reduce GHG Emissions:  The Company's technology platform increases truck utilization by reducing trips when trucks travel empty or only partially full, effectively reducing GHG emissions.

-	Employment Generation: The Company currently employs ~750 people in its direct operations.  It intends to keep growing its business and is expected to increase its work force further over time.  The Company also indirectly generates employment for all of the truck owners using its platform (currently ~28,000 truck owners across India use Blackbuck's platform for their combined ~80,000 trucks).
OnSiteGo Project IFC is considering an equity investment in Onsite Electro Services Pvt. Ltd. (Onsitego for short), a provider of extended warranty and after-sales services for appliances and consumer electronics (ACE). Onsitego has recently launched annual maintenance contract (AMC) services for appliances. The most significant expected Project outcome is improved access to and improved quality of protection services for ACEs in India. ACE penetration rate is still relatively low in India but will steadily increase as household income continues to grow. As ACE ownership increases, the cost of maintenance and repairs and the risk of losing these assets can have a significant impact on households' daily activities and financial well-being. By leveraging a combination of digital and offline models with a customer-oriented approach, Onsitego aims to address the growing needs for ACE protection in India. IFC's investment will support Onsitego to 1) expand its product distribution and service delivery channels, so as to reach, educate and provide ACE protection for a broader consumer base in India; 2) develop and scale its preventative maintenance services, so as to extend its protection coverage beyond newly-bought ACEs; and 3) further improve its technology and service infrastructure, so as to offer even better customer experience. In addition to the above, IFC also anticipates the Project to effectively contribute to the development of the nascent ACE protection market in India.
PSL Limited PSL Limited is Indias largest manufacturer of high-grade large diameter (18-120 inches) Helical Submerged Arc Welded (HSAW) pipes for oil, gas and water transmission as well as structural and piling applications for the onshore and offshore sectors.  PSL supplies its pipes, which are certified to meet American Petroleum Institute (API) standards, to all the leading Indian oil and gas companies and state government agencies involved in the management of water and sanitation services in India.  PSL also exports large diameter pipes to neighboring countries.   To better address the needs of the rapidly growing market for SAW pipes and to improve its cost competitiveness, PSL is embarking on a $ 119.4 million investment program (the Project) which is detailed under the section entitled, Total Project Cost and Proposed IFC Investment below.  The purpose of the project is to:   -  meet the needs for the rapidly growing market for HSAW pipes,  -  improve cost competitiveness,  -  increase productivity and  -  enhance product quality.
RSE COVID Parag Parag Milk Foods Limited (Parag or the Company), established in 1992, is one of Indias largest dairy companies, catering to major cities in the country with a strong presence in Western and Southern India. It has a milk processing capacity of upto 3,500,000 litres per day (LPD) - 2,000,000 LPD at Manchar, Maharashtra, 1,400,000 LPD at Palamner, Andhra Pradesh and 100,000 LPD at Sonipat, Haryana. The Company has a well-diversified product portfolio ranging from liquid milk to value added products like UHT milk, cheese, butter, ghee (clarified butter), paneer (cottage cheese), yoghurt, curd, lassi, flavored milk, dairy whitener and milk powder, sold under the brands GO, Gowardhan, Top Up, Avvtar and Pride of Cows, with value added products being > 65% of sales.  This project is linked to Parag Dairy (#33134):  https://disclosures.ifc.org/#/projectDetail/SII/33134   IFC committed INR 2.3 billion (approximately US$31 million) to Parag on December 17, 2020 in the form of non-convertible debentures to support the Companys working capital needs and long term capex plans.
Pragati Fund The proposed project is an investment in Pragati India Fund Limited, an SME focused fund that will focus on the economically under-developed low income states (LIS) of India such as Bihar, Jharkhand, Uttar Pradesh, Madhya Pradesh, Chhattisgarh and Orissa. IFCs support to the company will help Pragati to partner with existing businesses, entrepreneurs and managers who have demonstrated execution ability. Pragatis investment strategy is to expand into low income states and rural regions where changing political, social and economic development dynamics offer new opportunities that are largely untapped. The regional orientation provides opportunities in early stage investments which leverage ideas that are successful elsewhere in the Indian context and adapt them to suit local conditions. The team expects high development in the following areas:
1. Flow of private capital to LIS - Focus of the Fund's investments will be for the benefit of companies and projects in LIS
2. Support of SMEs - The target investee companies will be small to medium enterprises
3. Private sector development - The target companies will benefit from value-added practices that include increased corporate governance, environmental and social standards and transparency.
4. Accelerated growth - Providing advice and risk capital to enable faster growth in portfolio companies. 
5. Job creation - Supporting high growth companies which will reach the bottom of the pyramid and create employment at a faster rate than the national average.
KIIFB Green Loan The Project consists of a green financing package of US$ 150 million (equivalent in INR) to the Kerala Infrastructure Investment Fund Board (KIIFB). The investment proceeds will be used to finance critical urban infrastructure for the Kerala State. The funds will be deployed across two components: (i) construction of four new water supply projects, and (ii) construction of four hospital expansions which are to be EDGE (Excellence in Design for Greater Efficiencies)  certified. The most significant outcome is for stakeholders, through improving access and quality of critical water and healthcare services in a region with inadequate water and sanitation levels as well as high exposure to climate vulnerabilities. Beyond the Project, the investment is expected to help enhance financial and climate resilience for subnational entities in India by demonstrating practices to address financial and climate vulnerabilities.
Dewan Housing Finance Corporation Ltd. The project is to provide a local currency, long-term loan of up to Rs 600 million to DHFL to fund the expansion of its housing finance operations.  The companys goal is to grow its loan portfolio over the next five years by offering standardized loans to creditworthy individuals in India for purchasing or remodeling their homes.  The biggest constraint to achieving this goal is access to long-term funding at reasonable rates.  Through its proposed loan, IFC will: 
- strengthen DHFL's balance sheet by helping the company meet their funding needs with limited interest rate and maturity mismatches; 
- help semi-urban and rural borrowers obtain cost effective home financing; and 
- support the expansion of the successful Indian HFC model.  

Development Impact
A significant development impact of this project is the extension of housing finance to, and therefore an opportunity of home ownership for, lower-income and semi-urban borrowers, who are currently underserved by lending institutions.  Further, through extensive linkage effects, the housing industry will contribute to the development of small and medium enterprises (SMEs) that supply labor and materials for the construction and improvement of homes.  Currently, the housing finance sector is a major contributor to economic growth in India.  In the case of DHFL, increased home ownership by lower-income borrowers will help boost housing-related industries in the semi-urban regions.

IFC Role
Despite significant improvements in the supply of housing finance, India continues to face serious deficiencies in meeting the housing needs of its rapidly growing urban households.  As a result, in the next several decades, India will require massive investments in the housing sector.  Some of the major constraints that are limiting the availability of housing finance result from two critical factors: a shortage of strong, credible, and well capitalized players; and a lack of adequate funding, in maturity, structure and volume required for housing finance.  IFC will address the first constraint by investing in a second-tier institution with a focus on particular market segments, including underserved semi-urban areas and lower income borrowers.  The second constraint, i.e. availability of term financing, is being addressed by making available long-term, local currency funds to appropriately finance DHFL's mortgage assets and improve asset-liability management.  Funding of this type is currently unavailable to the company in the local market.
Vayana 2021 IFC is considering an equity investment in Vay Network Services Private Limited (Vayana or the Company). The Company is a technology-enabled supply chain finance platform that connects micro, small and medium enterprises (MSMEs) and corporates with banks and other financial institutions for payables and receivables financing, primarily in India. Vayana is also one of Indias largest Goods & Service Tax (GST) Suvidha providers, offering GST, E-Way Bill and E-Invoice pass-through API services and other related services. IFC anticipates that the Project will promote improved access to affordable working capital finance for suppliers and distributors, including MSMEs, in India. The Project will support the growth of Vayanas specialized technology platform to deliver supply chain financing solutions.
IFC also anticipates that the Project will promote integration in the supply chain financing sector by establishing a key market platform which integrates financing, tax and transaction data solutions for MSMEs in India.
Bhilwara Energy Bhilwara Energy Limited (BEL or Company) was formed to develop and operate hydro power assets. BEL currently has a majority stake in a 86 MW operating project (Malana power) and a 192 MW (AD Hydro) hydro power project near completion. It plans to develop a portfolio of several medium to large hydro power plants at different locations in India and Nepal. The proposal is to develop and operationalize a portfolio of projects with power generation capacity of about 2200 MW over the next decade. In parallel, BEL also plans to continue to scout for new hydro power project development opportunities. The Project will have strong development impact by way of:  
(a) expanding the availability of electricity in power starved India through renewable sources;  
(b) reducing reliance on electricity generated from conventional sources like coal and thus having positive climate change impact. With the current project pipeline, the Company will be able to save 8 mn tons of CO2 emission annually;  
(c) providing employment to local people during construction and operations and  
(d) pushing the economic development of low income areas like Arunachal Pradesh and Nepal through development of ancilliary industry