PROJECT

Projects

Summary of Proposed Investment

Project Number

30568

Company Name

PRAN DAIRY LIMITED

Date SPI Disclosed

Apr 1, 2011

Country

Bangladesh

Industry

Agribusiness and Forestry

Projected Board Date

May 10, 2011

Status

Completed

Sector

Dairy Products

Department

Gbl Ind, Manufact, Agribus & Services

Environmental Category

B - Limited

Previous Events

Approved : May 23, 2011
Signed : Jun 15, 2011
Invested : Sep 15, 2011

Project Description

Pran Group (“Pran” or “the Group”) has requested IFC’s assistance to finance the expansion of its dairy operations, which are run under Pran Dairy Ltd (“PDL”), one of the Group companies. Pran is a diversified group involved in the production and sale of a wide product range covering beverages, snacks, culinary products, confectionery, dairy products, rice and tea. The proposed project consists of an investment of approximately $15 million for an expansion in PDL’s processing and procurement capacity and related working capital needs (“the Project”).

Sponsor / Cost / Location

Development Impact