This investment involves a loan of approximately US$40 million to fund the capital expenditure of Time Technoplast Limited in India. Time Technoplast Limited is India’s largest manufacturer of polymer-based industrial packaging products (e.g. plastic drums, tanks, pails, pallets, Intermediate Bulk Containers). The expected impacts of project are:
(i) Improved customer access to more packaging and other value-added products.
(ii) Positive environmental effects due to recycling of polymer.
(iii) Positive economywide effects due to creation of additional direct and indirect jobs.
Time Technoplast Limited in an India-based multinational company that manufactures and markets polymer products in India, Bahrain, Egypt, Indonesia, Malaysia, the United Arab Emirates, Taiwan, Thailand, and Vietnam. It operates in two segments, Polymer and Composite.
For inquiries about the project:
Time Technoplast Limited
Mr. Bharat Vageria, Mr. Sandip Modi
Director, Senior Vice President
+91 22 7111 9213 / 7111 9999
55, Corporate Avenue, Saki Vihar Road,Andheri (East), Mumbai 400 072, Maharashtra, India
For inquiries and comments about IFC
General IFC Inquiries
2121 Pennsylvania Avenue, NW
Washington DC 20433
For local access for project documentation
Mr. Bharat Vageria / Mr. Sandip Modi
S. No. 360/9,10,11, Shree Ganesh Industrial Estate, Kachigam, Daman (Union Territory), India
ACCOUNTABILITY MECHANISM OF IFC
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