Summary of Proposed Investment
Project Number
10191
Company Name
SBI GLOBAL FACTORS LIMITED
Date SPI Disclosed
Aug 4, 2000
Country
India
Industry
Financial Markets
Projected Board Date
Sep 19, 2000
Status
Completed
Sector
Trade Finance
Department
Global Industry, Financial Markets
Environmental Category
C - No Impact
Previous Events
Approved : Dec 18, 2000
Signed : Apr 10, 2001
Invested : Jul 10, 2001
Project Description
India''s world trade faces a global environment of increased competition, and there is a growing need for market driven products and services to support the small and medium enterprises (SMEs) that are behind India''s success in exports. The proposed Company will assist Indian exporters, who are typically SMEs, with new products such as factoring (that will provide them with financing, credit protection, and bill collection) and small item forfaiting (that will allow them to offer longer-term financing to their buyers abroad).
IFC has played an important role in the project concept and design, in institution building, as a neutral broker among the sponsors, and contributing to the design of good corporate governance in the new Company.
IFC has played an important role in the project concept and design, in institution building, as a neutral broker among the sponsors, and contributing to the design of good corporate governance in the new Company.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Ms. Veena Mankar, Country Representative, WestLB, 72/73 Pharma Search House, B.G. Kher Road, Worli, Mumbai 400 018
Tel: (91-22) 491-8818; Fax: (91-22) 491-8820
email address: veena_mankar@westlb.co.uk
Tel: (91-22) 491-8818; Fax: (91-22) 491-8820
email address: veena_mankar@westlb.co.uk