PROJECT

Projects

Summary of Investment Information

Project Number

43027

Company Name

ETC AGRO PROCESSING (INDIA) PRIVATE LIMITED

Date SPI Disclosed

Jan 8, 2020

Country

India

Region

South Asia

Projected Board Date

Feb 20, 2020

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jun 12, 2021

Department

Regional Industry - MAS Asia & Pac

Industry

Agribusiness and Forestry

Previous Events

Approved : Feb 27, 2020
Signed : Jun 12, 2020
Invested : Jul 24, 2020

Sector

Wholesale (Including Grocery and Farm Products)

Project Description

 Headquartered in Mumbai, India, ETC Agro Processing (I) Private Limited (“ETC India” or the “Company”) is amongst the top largest pulses processor in the world and trader of pulses in India, with a current processing capacity of 500,000 MT. The Company is now expanding its operations in India, with a strategic focus on the higher yield and less volatile processing segment and by embarking on an asset-light model for future expansion. The Company requires long-term working capital (the “Project”) to support this expansion. The Project would finance ~30% of the Company’s working capital requirements over the next three years.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation