devinitorg/iati-policy-markers huggingface dataset:
DCM IIFL Home The proposed project is a senior secured loan (or INR bond) of up to US$100 million equivalent to a new client, IIFL Home Finance Limited (IIFL HF or the Company), for a tenor of up to 6 years (the Project). The Project will involve proceeds being used to promote affordable housing for women borrowers from Economically Weaker Sections (EWS) and Low Income Groups (LIG) segments. Discussions are also underway for part of the proceeds to be used for financing retail purchases of green affordable housing. The Company is in the process of discussing an Advisory project to help develop its green affordable housing business. The project is expected to be supported by the Market Accelerator for Green Construction (MAGC) Program as described in the Blended Finance Section. Project Outcome: Stakeholders Effect
Improved access to affordable housing finance, including for women borrowers: IFC anticipates the Project will significantly increase access to housing finance and thus encourage homeownership in the EWS/LIG segments, including for women. Rapid urbanization in India has led to serious development challenges including congestion, pressure on basic amenities, and severe housing shortages in cities, especially, in the low-cost segment. India's mortgage market depth is low compared to emerging economies (India- 10% vs China - 18%, Thailand - 20%). This Project will increase access to housing finance for EWS/LIG segments, with a focus on women borrowers.

Improved access to green affordable housing finance: Limited penetration of green housing is a key challenge in Indian housing market. IFC estimates total green buildings/housing investment opportunity of US$1.4 trillion in India from 2018-2030. The project will support IIFL HF in building its green affordable housing portfolio.

Contribution to Market Creation

Competitiveness:
IFCs support to the Project, along with IFCs other systematic engagements in the segment, will promote greater competitiveness in the affordable housing market, including supporting the development of green affordable housing. Housing market in India is very active with banks, NBFCs and HFCs, however, a large portion focuses on higher income groups, and low & middle-income groups remain unserved/underserved.

Although IFC has been supporting the development of affordable housing financiers through continued interventions, the shortage is substantial and would require continuous support. Climate finance deficit in India is large at US$448 billion, and the market for green affordable housing finance remains underdeveloped. Very few HFCs/FIs are focused on financing green buildings/housing, as green finance is perceived to be expensive and thus not considered suitable for the affordable housing segment.
DCM Manappuram The proposed project is a senior secured loan of up to US$ 100 million in equivalent INR in the Company through subscription to non-convertible debentures (NCDs) to an existing IFC portfolio client, Manappuram Finance Limited (MFL or the Company), for a tenor of up to 3 years. The proposed project supports underserved individuals in the economy with focus on directing a portion of the debt towards women borrowers.     MFL is a registered NBFC under the Reserve Bank of India (RBI) primarily offering gold loans, i.e., loans against pledge of gold jewelry. The Company was founded by Mr. V.C. Padmanabhan, father of current MD & CEO Mr. V.P. Nandakumar, in 1992 in Kerala. As on March 2022, MFL has consolidated assets under management (AUM) of INR 303bn (US$3.9bn) and a workforce of over 40,000. Its long-term debt is rated AA/stable by CRISIL. Stakeholders: Increased access to finance for underserved individuals. The Company will support underserved individuals in the country whose livelihoods were severely impacted by the COVID-19 pandemic. The Project will increase access to finance to these low-income borrowers who need funds to rebuild their lives, maintain small businesses and meet medical expenses. Along with the proposed investment, IFC will also support women, who are underserved as they often do not possess credit history or other assets to use as a collateral. Once the borrower engages with MFL through gold loans or micro loans, the borrower is also introduced to other products such as vehicle loans and home loans that help borrowers access to finance into other areas as well.

Inclusiveness: Gold lending addresses a crucial financing gap for the underserved, who often do not possess credit history or other assets to use as collateral. This investment will help MFL to extend lending to the underserved segments and is expected to stimulate other players in the market to increase their financing for un/underbanked when the country needs support to recover from the COVID-19 crisis.
Nxtgen Project This is a revised Statement of Investment Information.  The revision pertains to the Total Project Cost of the new facility in Bidadi Bangalore and the IFC Investment as equity funding.  NxtGen Technology Pte. Ltd (NxtGen or the Company) is a holding company in Singapore that invests in data center opportunities in emerging markets.   NxtGen owns 100% of an operating subsidiary in India, NxtGen Datacenter & Cloud Technologies Pvt Ltd (NxtGenDC) with data center operations in Bangalore and Mumbai, and a new facility in the final phases of construction in Bidadi, Bangalore (the Project).  NxtGenDC offers innovative data center solutions including a full range of Enterprise Cloud Services, High Density Data Center for Colocation & Dedicated Hosting and comprehensive Managed Technical Services.    The proposed Project consists of the expansion of existing data center operations and services in Bangalore and Mumbai, as well as the development, construction and operation of a 1,000 rack data center in Bidadi, Bangalore, with potential for expansion to 2,000 racks.  Built to support high power density requirements, these data center facilities will narrow the supply gap to host Information and Communications Technology (ICT) Infrastructure for large and small enterprises and organizations, as well as provide off-site disaster recovery & backup of client data and systems.  Operating as a carrier neutral data center, these facilities will allow clients to locate ICT equipment and data in a secure and resilient facility, provide access to stable power supply and environmental conditions, and offer connectivity alternatives with a host of data carriers, guaranteeing seamless, reliable service. -	Expansion of IT Infrastructure:  India has an underserved demand of datacenter colocation and related technical services.  By financing a secure, resilient, earth-quake-resistant dataccenter built to top industry standards, the Project will address the pressing need for quality IT infrastructure and services in the country.    -	Private Sector Development.  Outsourcing data center serrvices will enable tenants to benefit from significant cost savings by not tying up capital in the construction of non-core assets and freeing up resources for use in other areas.
Modern Dairies Limited Modern Dairies Limited (Modern Dairies or the company), a dairy company based in the state of Haryana (Northern India), is undertaking a 4-year investment program to expand its milk sourcing activity and to increase processing capacity for further processed dairy products such as Casein.  As part of the project, the company has already successfully commissioned plant to produce 9000 MT of Casein per annum with other by-products like WPC, Lactose and Pure Ghee. The company now plans to conduct the second phase of its investment program, comprising of: 

- Expanding its milk supply network of farmers in the vicinity of the processing plant,
- Finalizing the implementation of its production line of nutritional products, 
- Modernizing its current operations to manufacture new products and achieve higher productivity,
- Installing a 3.5 MW rice husk based power plant for captive electricity supply, and 
- Financing working capital needs. The project will support the continuing improvement of the Indian dairy sector to achieve greater efficiencies and milk quality. In addition to positive economic impact, the project will bring the following development impact: 

- Expand its milk processing capacity and install manufacturing equipment of dairy products;
- Collect milk from over 60,000 rural households, in 1,800 village level centers (from the current 350),
- Benefit farmers by promoting productivity, product quality, and increase in milk supply,
- Benefit other suppliers (such as transportation companies), and clients thanks to increased local supply and expanded product range, 
- Contribute development of private sector in the dairy industry, typically more efficient than cooperatives,
- Develop cogeneration capacity of 3.5MW.
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table { border-collapse:collapse !important; width:100%; table-layout:fixed; border-spacing:0 !important; margin-bottom:15px; } .k-table, .k-table td, table, table td, div table, div table td {outline: 0;border: 1px solid #000;} .k-table td, table td, div table td { padding: 5px;}    The proposed project involves IFC investing an INR equivalent of approximately US$50 million in a combination of instruments in one or more Special Purpose Vehicles (SPV) promoted by Mahindra Lifespace Developers Limited (MLDL or the Company or the Sponsor) set up for the development of three industrial clusters (ICs) around established industrial areas in Rajasthan, Gujarat, and Maharashtra (the Project). The proposed project is expected to generate strong development impact along several channels. Part of the area to be developed is located in the low income state of Rajasthan, impacting the development of a region in need. In the other two states, the project is located in areas that have potential for greater large-scale industrial infrastructure creation. 
a) Development of quality industrial infrastructure: 
(i) For small and medium businesses:
The project is expected to increase availability of critical industrial infrastructure, directly benefitting small and mid-sized businesses that do not have the resources to set it up themselves. 

(ii) For large businesses:
By providing a plug-and-play ecosystem, the Project is expected to reduce the time for companies to go-to-market and enable them to instead focus on core business operations. 

b) Demonstration effect:  Private industrial parks are a relatively new asset class in India, and the project is expected to generate a positive demonstration effect and promote the development of such spaces in the country. 

c) Exporting capacity: The Project is expected to expand India's exporting capacity through the development of a Special Economic Zone (SEZ) in Rajasthan;
 
d) Employment: The Project is expected to contribute significantly to job creation. During the construction phase, the Project is expected to generate temporary jobs in the construction sector, and a significant number of indirect jobs in suppliers' industries for construction materials. The project is expected to also create permanent jobs in the form of outsourced labor for services such as housekeeping, security, landscaping, maintenance, etc. during the ICs operations, as well as jobs through the businesses using the space developed in the IC. 

e) Community development: The Project is also expected to positively impact local communities and seek to promote inclusive development through various activities such as vocational skill training, self-help groups for women etc.
DCM MMFSL II The proposed investment comprises a 3-year senior, secured funding of up to INR5,250M or US$75M to Mahindra & Mahindra Financial Services Limited (MMFSL or the Company). IFCs investment will support the Micro, small and medium enterprises (MSMEs) including Very Small Enterprises (VSEs) segment in India by helping MMFSL augment its lending program to these enterprises. MSMEs and VSEs includes financing towards agricultural sector and the proposed investment will be on lent primarily to finance a range of agricultural equipment, utility and commercial vehicles. At least 50% of the proceeds are expected to be earmarked towards women owned SMEs including VSEs, and the remaining for growth of these segments in the low-Income states (LIS) of India. In addition, the Company has agreed to allocate an amount equal to 3 times IFCs loan amount from its own balance sheet / other sources of funds to on lend to the MSME segment including VSE in LIS. The company will endeavor to disburse this amount during the period of this loan.     MMFSL is a rural focused NBFC, and the financial services arm of the Mahindra and Mahindra (M&M or the parent) group. The Company offers a wide range of customized financial products to address its rural customer requirements. The Companys business lines include vehicle and tractor loans, SME loans as well as fixed deposits products. As of December 31, 2018, MMFSLs AUM stood at INR582B (US$8.3B) and equity at INR103B (US$1.5B). IFC may also mobilize additional funding from other investors for the project. 1.	Stakeholders impact: The project is expected to improve access to finance for the MSME sector particularly women owned enterprises and those enterprises in LIS, by earmarking the proceeds towards these segments. It would also support formal job creation by contributing to improvement in economic activity.

2.	Market Impact: The funding to LIS will enable greater financial inclusion in these states which are the poorest states in the country with significantly low penetration of financial services. In addition, focused funding towards women owned enterprises will encourage economic participation and empowerment of women. The success of this investment is expected to encourage further market development.
Value and Budget Housing Corporation Value and Budget Housing Corporation (VBHC or the Company) is headquartered in Bengaluru, Karnataka, India. The Company was incorporated in 2008, with a focus on building affordable and entry level housing in India. VBHC has projects under various stages of development and construction across Bengaluru, Chennai (state of Tamil Nadu) and Mumbai (state of Maharashtra). Further, the Company is in various stages of identification and procurement of land for developing affordable housing in the states of Rajasthan, Gujarat, Maharashtra, Tamil Nadu and Uttar Pradesh (the Project). VBHC is in the process of raising capital from IFC for part-financing the development of the above affordable housing projects. This investment will have the following development impact: (a) provide essential residential infrastructure to support the ongoing rapid urbanization in India, resulting in improved sanitation and health conditions; (b) demonstration effect for attracting private capital to the affordable housing sector in India; and (c) demonstration effect with regard to use of construction technology to shorten delivery times as well as eco-friendly practices. Compared to conventional constructions, the Project is expected to use 35% less water and meet IFC''s green building standards that results in at least a 20% lower energy consumption.
NIIT - Hole in the Wall Description of the Project    The Hole in the Wall project aims to discover how much poor children in slums and rural areas of India can learn from a web-based curriculum through a purpose-built Internet kiosk. NIIT has recently conducted experiments to determine if illiterate slum children could use the Internet without any instruction. By giving them access to a connected computer, NIIT observed their quick learning abilities and their interest in developing knowledge. The Hole in the Wall project will strive to improve education for poor children with a minimal level of intervention (Minimally Invasive Education). This learning tool ensures equal access to girls.     Development Impact    The proposed project will have a significant developmental impact, as it would help :   - Education, through access to information and access to teaching.  Distance learning is a valuable tool in the struggle to overcome resource constraints in developing world education.   - Development of equal learning opportunities for both boys and girls in urban and rural areas of the country.  Children from the lowest income families will benefit.   - Make it possible for many children to participate in the global information revolution by providing them access to information which they currently do not have.     IFC Role    Through its participation in this Project, IFC will be able to bring a financial commitment to the development of a sustainable commercial business model. Furthermore, IFC will bring visibility to the pilot phase and to the dissemination of the results.  IFC, will also be able to attract other researchers as well as interested grant donors to contribute to the success of this project.
Camlin Project 0  0  0  0  0  0  0  0  0.0000       Camlin Fine Sciences Limited (Camlin or the Company) is   inter alia   engaged in research, development, manufacturing, and marketing of specialty chemicals and blends, which are used in a wide array of food, feed, animal and pet nutrition, fragrance, pharmaceutical and industrial products. a)	Improved Access: The Project will ensure availability of diphenols and produce a range of their derivatives, such as antioxidants, performance chemicals and aroma chemicals which are used in food products, supplements, animal feed, pharmaceuticals and agrochemicals. The demand for anti-oxidants is growing due to the centralized mass production of food and feed, ageing population, change in lifestyles, and increasing consciousness of health among the end consumers. The Project will help address the shortage of diphenols which hinders the growth of the sectors that heavily rely on the derivatives. 

b)	Lower Prices: The cost of production of diphenols at the Dahej facility is expected to be lower than the cost at existing diphenols plant in Italy. IFC expects some of the cost savings to translate into lower price for the customers. 

c)	Employment: The Project will create high skilled jobs and allow for skills upgrading of the local employees through training and technology transfer from the facility in Italy to the Dahej plant.  

d)	Environmental Effects: The new plant in Dahej will have higher efficiency in terms of waste management, greenhouse gas emissions, energy consumption and other operational efficiencies as compared to Camlin's existing plant in Italy. 

e)	Competitiveness: The Project will help Camlin innovate new product formulations that improve the quality of specialty chemicals and make the manufacturing process more cost effective, more customized to meet local needs, and environmentally friendly.
Shalivahana Shalivahana Green Energy Limited ("SGEL" or the "Company"), a privately owned entity, is a biomass power company in India with installed capacity of 47MW spread across 5 plants. The Company built its first biomass plant in 2002. The Company plans to undertake small to medium-sized projects in the biomass, hydro and wind energy sectors. 

3 new biomass power plants under construction will bring additional capacity of about 45MW by March 2011. The Company has a pipeline of approximately 200MW of which 2 biomass projects of 23MW each (project cost of about $25 million each) will be held in Rake Power Limited ("RPL"), a 100% owned subsidiary of the Company, with an existing 10MW installed capacity. 

The Company is part of the Shalivahana Group (the Group). The Groups other businesses include civil construction, education and cement production. Increase power generation: The Indian power market is characterized by significant supply deficit which is expected to continue in the medium term. India's regulatory environment is increasingly supportive of renewable energy. Through this investment, IFC supports a company which will add approximately 200MW of renewable energy generation capacity over the next 3-4 years to meet the growing electricity demand in India. 

Climate Change Impact: The Project helps mitigate negative climate change impacts by helping avoid GHG emissions - IFC estimates a reduction of approximately 227,000 tCO2eq/year attributable to IFC's investment alone. 

Private Sector Development: 80% of power generation in India is still state-owned, with all major players focused on large thermal and hydro power projects. In line with its mandate, IFC's participation in this Project will help stimulate private sector development within the renewable energy generation sector. 

Development of Low Income States (LIS): The entire pipeline of SGEL's projects is in the LIS (Madhya Pradesh, Orissa, Jharkhand and Chattisgarh). SGEL's projects create employment opportunities and stimulate the development of the rural economy. 
 
Employment Generation: The Project creates employment opportunities during project identification, construction and operation. Significant employment is created during operations by biomass traders supplying fuel to the various plants of the Company and its subsidiaries.
pi Ventures Investment Trust The proposed project is an investment in Pi Ventures Investment Trust (or Pi Ventures or the Fund), registered with the Securities and Exchange Board of India (SEBI) as a Category I Alternative Investment Fund under the SEBI (AIF) Regulations, 2012. The Fund will invest in equity and equity linked instruments in 20-24 Artificial Intelligence (AI) / Machine Learning (ML) / Internet of Things (IOT) enabled companies focused on healthcare, smart cities, fintech, retail, cyber security, logistics and enterprise automation across India.   The investment is through the IFC Startup Catalyst (ISC) program and is intended to support local innovation and entrepreneurship. Through ISC, IFC invests in sustainable seed stage funding mechanisms, including accelerators and seed funds, to support early stage local entrepreneurship on a global basis. i. Address funding gap for seed stage investments: Pi Ventures will support 20-24 early stage companies, helping to fill the void of early stage capital. More broadly, IFC would like to help build and support local sustainable ecosystems for entrepreneurship and venture capital.
ii. Job creation: Pi Ventures expects its graduated companies to create 100+ new jobs in the near term.
iii. Support local entrepreneurship: Pi Ventures will help support entrepreneurship by offering deep engagement on operations, access to networks and follow on funding through partner networks.