24485 - Jain Irrigation

Who We Are
Who We Are

IFC is the largest global development institution focused on the private sector in developing countries. By encouraging growth, IFC advances economic development, creates jobs and improves the lives of people.
More About Us
About IFC

Our Leadership

Development Partners
Accountability

Learn more about accountability
Annual Report

Download the Report
What We Do
What We Do

IFC advances economic development and improves the lives of people by encouraging the growth of the private sector in developing countries. We achieve this by investing in impactful projects, mobilizing other investors, and sharing expertise.
What We Do Overview
SOLUTIONS

Our products and services
OUR PRIORITIES

Climate Business

Fragile & Conflict Afflicted Situations

Gender

Mobilizing Private Capital

Sustainability
SECTORS & EXPERTISE

Agribusiness & Forestry

Creative Industries

Education

Financial Institutions

Funds

Health

Infrastructure

Manufacturing

Public-Private Partnerships

Tourism, Retail & Property

Trade & Supply Chain Finance

Venture Capital

Working Upstream
Where We Work
Where We Work

As the largest global development institution focused on the private sector, IFC operates in more than 100 countries around the globe. We apply lessons learned in one region to solve problems in another.
Overview
By Region

Africa

East Asia and Pacific

Europe

Latin America and the Caribbean

Middle East and Central Asia

South Asia
Our Impact
Our Impact

Our impact improves lives. IFC brings a clear set of advantages to the world’s most challenging markets. Including a history of innovation, a global mandate, and a determination to achieve measurable development impact.
Our Impact Overview
PRINCIPLES & MEASUREMENT

Impact Investing at IFC

Measuring and Monitoring (AIMM)

Evaluation

Sustainable Development Goals (SDGs)

Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.

For Partners

For Investors

Get in Touch

Summary of Proposed Investment

Project Number

24485

Company Name

JAIN IRRIGATION SYSTEMS LIMITED

Date SPI Disclosed

Aug 10, 2007

Country

India

Industry

Agribusiness and Forestry

Projected Board Date

Sep 10, 2007

Status

Completed

Sector

Other

Department

Gbl Ind, Manufact, Agribus & Services

Environmental Category

B - Limited

Previous Events

Approved : Oct 26, 2007
Signed : Nov 5, 2007
Invested : Dec 28, 2007

Project Description

Jain Irrigation Systems Ltd. (JISL or the company) is India’s largest provider of micro-irrigation systems (MIS). In addition to MIS, the company is also a leading producer of plastic sheets and pipes, and processed fruits and vegetables. Its headquarters are located in Jalgaon in the western Indian state of Maharashtra. IFC is considering providing a corporate loan to JISL to finance its capital expenditures program.

Sponsor / Cost / Location

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

Development Impact

The proposed capital expenditure is expected to increase in agricultural productivity from the adoption of high-tech micro irrigation systems, which will reduce water and input (fertilizers, others) usage by the agricultural sector in India and assist global drive for green cover for conserving natural resources (water, wood, forestry, etc.) and protecting environment. It will promote world-class processed fruit and vegetable production in India. It will also provide revenues to the government from increased corporate taxes & duties, increase in stability and level of farmer income, create new employment within the company as well as indirect employment opportunity through sustained agriculture & allied services, which will assist rural development, rural wealth formation and prevent migration & pressure on urbanization.

IFC’s role includes: - financing the growth of a leading local MIS company which promotes the use of more efficient and water-saving agricultural practices in India; - reinforcing the company’s commitment to agricultural development as well as rigorous environmental and social standards; - supporting the company’s expansion into overseas markets including Africa and Middle East; and - providing long-term loans not easily available in the local market.

This is a Category B project according to IFC’s Procedure for Environmental and Social Review of Projects because a limited number of specific environmental and social impacts may result which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. The review of the project consisted of appraising technical, environmental, health, safety and social information submitted by the company, meeting with the management of the company, and visiting the project sites. The impacts and the mitigation plans have been discussed in the Environmental and Social Review Summary, which has been disclosed locally at the following location:

Jain Field, National Highway No. 6,
At post- Bambhori
Taluk- Dharangaon, District-Jalgaon
Maharashtra 425001
India

Contacts

For Inquiries About the Project, Contact

Mr. Manoj Lodha, President Finance & Banking Jain Irrigation Systems Ltd. Jain House, 41/43, Police Court Lane, Fort Mumbai – 400 001 India Telephone: +91 22 22610011 Fax: +91 22 22621177

For Inquiries and Comments About IFC, Contact

General IFC Inquiries IFC Corporate Relations 2121 Pennsylvania Avenue, NW Washington DC 20433 Telephone: 202-473-3800 Fax: 202-974-4384E Mail: Webmaster

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors' consideration of the proposed transaction. It is not an offer of shares to the public and is intended solely to enhance the transparency of IFC’s activities. This document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only. The following SPI is disclosed in accordance with IFC’s Policy on Disclosure of Information that went into effect April 30, 2006.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

Projects

Summary of Proposed Investment

Project Description

Sponsor / Cost / Location

Project Sponsor and Major Shareholders of Project Company

Total Project Cost and Amount and Nature of IFC's Investment

Board Approved IFC Investment

Location of Project and Description of Site

Development Impact

Anticipated Impact Measurement & Monitoring (AIMM) Assessment

IFC's Expected Development Contribution

Environmental and Social Issues - Category

Press-Release

Related ESRS/ERS

Similar Projects

Contacts

Disclaimer