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Netafim India

Sector: Raw Materials • Location: India

Source: International Finance Corporation (IFC)

Project
Active

Founded in 1965 in the Negev desert in Israel, Netafim Ltd (“Netafim”) is a global player in the micro irrigation systems (“MIS”) sector. Clients value Netafim’s team of 200 agronomists deployed globally that provide expertise in all crop types and growing conditions.  The proposed investment consists of a loan up to INR1,520 million (approximately US$20 million) to Netafim Irrigation India Privat

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The project “Netafim India” is an infrastructure initiative in the Raw Materials sector, located in India. Taiyo aggregates data on it from International Finance Corporation (IFC).

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active

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Description

Description

Founded in 1965 in the Negev desert in Israel, Netafim Ltd (“Netafim”) is a global player in the micro irrigation systems (“MIS”) sector. Clients value Netafim’s team of 200 agronomists deployed globally that provide expertise in all crop types and growing conditions.  The proposed investment consists of a loan up to INR1,520 million (approximately US$20 million) to Netafim Irrigation India Private Ltd (“Netafim India” or “the Company”), guaranteed by Netafim, to support the (i) working capital needs of Netafim India arising from the COVID-19 crisis, and (ii) CAPEX needs to maintain local production capacity (the “Project”). IFC is also considering mobilizing a financing package of up to INR4,178 million (approximately US$55 million) with commercial banks and /or development finance institutions (the “Parallel Loans”) for the same purpose. 

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High

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100%

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