PROJECT

Projects

Environmental Review Summary

Project Number

11254

Company Name

Joint Venture with Limited Liability Giavoni

Date ERS Disclosed

May 22, 2002

Country

Tajikistan

Region

Central Asia and Turkiye

Environmental Category

B - Limited

Status

Active

Previous Events

Approved : Dec 19, 2002
Signed : Feb 28, 2003
Invested : Jun 30, 2003

Sector

Garment and Apparel (With Primary Textile Operations, Excluding Footwear)

Industry

other

Department

Regional Industry MAS MCT

Project Description

The project will upgrade Giavoni’s existing textiles factory located in Khojand, northern Tajikistan, and will expand its vertically integrated operations through the construction of a jean manufacturing facility with capacity to produce about 1.3 million pieces per year. Carrera of Italy, the parent of Giavoni, is seeking IFC’s involvement in the project to provide financing and to facilitate foreign direct investment in Tajikistan. IFC is considering making an equity investment of US$4 million in the project.

Environmental and Social

Conclusion & Monitoring