PROJECT

Projects

Summary of Investment Information

Project Number

42190

Company Name

MAHYCO INTERNATIONAL PTE. LTD.

Date SPI Disclosed

Oct 3, 2019

Country

World Region

Region

Global

Projected Board Date

Nov 8, 2019

Environmental Category

B - Limited

Status

Active

Last Updated Date

Sep 30, 2022

Department

Regional Industry - MAS Africa

Industry

Agribusiness and Forestry

Previous Events

Approved : Dec 17, 2019
Signed : Feb 12, 2020
Invested : Mar 23, 2020

Sector

Other

Additional Project Attributes

Blended Finance

Project Description

Maharashtra Hybrid Seed Company Ltd (“Mahyco India” or the “Sponsor”) is one of India’s leading seed producers and was the first to introduce hybrid seeds for millets, wheat, sorgrum, maize and sunflower and the first to commercialize insect tolerant cotton in India.

 

Mahyco India’s subsidiary, Mahyco International Pte Ltd (“Mahyco International” or the “Company”) incorporated in Singapore, is the holding company for the Sponsor’s international operations and owns operating entities that sell cotton seeds in Sub-Saharan Africa (SSA) and rice seeds in Vietnam and Bangladesh.

 

The Company seeks to invest US$26 million to expand its cotton business in SSA and to expand its rice and eggplant business in Asia (the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation