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India: Apollo Tyres
Mr. Onkar Singh Kanwar, Chairman
“We at Apollo Tyres are proud to be the first Indian Tyre manufacturer to receive IFC’s direct support. This is a testament to our pioneering efforts in introducing state-of-the-art radial technology in the truck tyre segment. With this long-term partnership with IFC, we hope to further our existing international standards in corporate governance, best environmental practices, and corporate social responsibility.” |
India: BILT
Gautam Thapar, Vice chairman and Managing Director of BILT
“Our successful placement of FCCBs, together with the overwhelming response to our global depositary share issue, clearly reflects support for the company's business strategy on the part of discerning global investors,” noted Gautam Thapar, vice chairman and managing director of BILT. “Participation in this important financing will strengthen our already long-standing partnerships with IFC and other international financial institutions.” |
India: Cosmo Films
Mr. Ashok Jaipuria
“We have greatly benefited from IFC’s involvement by drawing upon the IFC team’s global expertise in manufacturing to strengthen our own internal processes. Given Cosmo’s international growth plans, I hope this investment will forge a long-term global partnership with IFC.” |
India: Electrotherm
Shailesh Bhandari, Managing Director
"Partnering with IFC will allow us to leverage its global expertise to increase our range of products, improve our competitiveness, and help us improve our social and environmental practices." |
India: HNG Float Glass
Mukul Somany, Joint Managing Director
“Partnering with IFC allows us to leverage its global expertise to help improve our competitiveness and social and environmental practices” “This has enabled us to optimize the project’s design. It is also commendable to see the efficiency with which IFC executed this transaction,” he added, noting that he looks forward to a long-term partnership with IFC. |
India: Moser Baer
Mr. Deepak Puri, CEO of MBIL
"IFC's involvement -- particularly its large equity investment -- would help the company achieve high growth objectives and become a major global player in the data storage industry." |
India: Ocimum
Anuradha Acharya, Founder & CEO of Ocimum Biosolutions
“We are very happy to have IFC as a partner in our growth. These are exciting times for Ocimum, and to have IFC as an investor brings a lot of confidence to our clients and partners.” |
India: OCL India
Gaurav Dalmia, Joint President of OCL
“IFC, with this long tenor financing, will help us consolidate OCL’s position in a capital intensive industry, manage our risks and costs vis-ŕ-vis global players and serve our chosen markets more effectively. We also look forward to IFC’s guidance in the improvement of our environmental and social standards.” IFC’s loan of 10 years’ tenor will also encourage other local banks to make long-term project finance available to manufacturing companies such as OCL. |
India: PSL
Mr. Ashok Punj, PSL’s Managing Director
“IFC is playing an important part in our expansion plans and is helping us strengthen our financial position. IFC is also helping us upgrade our corporate practices in environmental and occupational health and safety management.” |
India: West Coast Paper
S.K. Bangur, Chairman of West Coast Paper Mills
“The paper industry in India has been highly fragmented, with a capacity of 6.8 million tons per year distributed among over 500 players, most of whom are informal companies. Plans by several players to consolidate and expand are underway. With IFC’s support, we hope to improve the sector’s efficiency and enhance our competitiveness.” |
Maldives: Shangri-La Resort Hotel
Madhu Rao, Executive Director and CFO of Shangri-La Asia
"The investment will provide important support to the local economy. Shangri-La strongly supports the Maldivian government's commitment to sustainable tourism." |
Maldives: Taj Maldives
Mr. Zubin Dubash, Executive Director of the Indian Hotels Company Limited
“We are delighted to conclude this deal with IFC. We are sure this will be the start of a long and fruitful relationship. The transaction helped us conclude long-term financing to improve and maintain a world-class facility.” |
