50.68 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	15.92
Equity	34.76

* These investment figures are indicative

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.

                                                   

IFC's primary additionality is the provision of long-term capital for the development of industrial parks in India. With IFC's investment, MLDL can leverage its investment to develop a larger area than it would be able to on its own. Further, once the Project is underway, there is potential to mobilize capital from a larger set of long-term investors to scale up the business and thereby accelerate growth in these regions. IFC has collaborated with MLDL on carbon pricing and on green residential development. The Project would be the next step in IFC's strategic partnership with the Sponsor for climate change. In continuation with this engagement, IFC will explore working with MLDL along with the occupants of these industrial parks for the adoption of renewable energy under its Eco-Assist program.

Please refer to the related Environmental and Social Review Summary (ESRS) document for this project.

Please refer to the Environmental and Social Action Plan (ESAP) tab in the related Environmental and Social Review Summary (ESRS) document for this project.