PROJECT

Projects

Summary of Investment Information

Project Number

33069

Company Name

PROBIOTECH INDUSTRIES PRIVATE LIMITED

Date SPI Disclosed

Mar 4, 2014

Country

Nepal

Region

South Asia

Projected Board Date

Mar 31, 2014

Environmental Category

B - Limited

Status

Active

Last Updated Date

Nov 30, 2016

Department

Regional Industry - MAS Asia & Pac

Industry

Agribusiness and Forestry

Previous Events

Approved : Apr 30, 2014
Signed : May 23, 2014
Invested : Apr 14, 2015

Sector

Other

Additional Project Attributes

Blended Finance

Project Description

Probiotech Industries Private Limited (“PBIL” or the “Company”) is one of the first organised sector poultry feed manufacturers in Nepal. Currently, key products are animal feed, de-oiled cake and crude edible oil. Company is now undertaking capital expenditure for forward integration into the production of soya flour and nuggets and refined edible oil. PBIL is also streamlining its ownership and improving its balance sheet structure. IFC and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP) are looking to support the Company with this project. GAFSP is a multilateral mechanism launched by the G20 with the purpose of scaling-up support to help less developed countries alleviate poverty and improve food security, and IFC is the implementation entity of the Private Sector Window

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation