30.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	30.0
Equity	0.0

* These investment figures are indicative

The project is proposed to be located in in Dahej SEZ in the state of Gujarat, India.

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.

a) Financing Structure: IFC will provide a mix of long-term foreign currency senior debt and a quasi-equity instrument. This kind of structure is not easily available from local banks at reasonable terms, especially without adequate fixed asset security cover. b) Environmental and Social Standards: IFC will assist Camlin formulate and implement an E&S action plan, and introduce social/labor management systems, which are enhanced to correspond with recognized and accepted best practices in this sector. c) Knowledge and Innovation: IFC will share its global knowledge and expertise in the specialty chemicals space as well as facilitate relationships with IFC's global agribusiness clients who are potential clients of Camlin.

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.