PROJECT

Projects

Summary of Investment Information

Project Number

39379

Company Name

ANANTA APPARELS LTD.

Date SPI Disclosed

May 11, 2017

Country

Bangladesh

Region

South Asia

Projected Board Date

Sep 30, 2017

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jan 19, 2019

Department

Regional Industry - MAS Asia & Pac

Industry

Manufacturing

Previous Events

Approved : Sep 21, 2017
Signed : Jan 6, 2019
Invested : Jan 17, 2019

Sector

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

Project Description

The proposed transaction is an A loan in Ananta Apparels Limited (AAL or the Company). AAL is setting up a washing plant (the Project) in its readymade garments factory located at Adamjee Export Processing Zone of Bangladesh. IFC will invest up to US$6 million in long term debt. The proceeds of the IFC loan will be used to fund the machinery of the washing plant.

Associated Advisory Engagement

N/A

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation