Original disclosure @ IFC website
Updated in EWS Jun 19, 2021
Disclosed by Bank Dec 18, 2020
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According to the bank's website, "The proposed investment will provide Indospace with long-term finance during COVID-19 pandemic to continue investing and developing select projects envisaged under the fund over the next 2 years (the “projects”). IFC funding to select projects will be based on certain pre-agreed environmental and social (E&S) eligibility criteria such as: 1) completion of land acquisition and clear documentation that the project does not result in a) significant involuntary resettlement, b) risk of adverse impacts on lands to which ethnic minorities maintain collective attachment, c) significant risks to, or impacts on, the environment including biodiversity; 2) receipt of applicable E&S related regulatory approvals and permits; and 3) projects shall not allow industrial activities or hazardous material storage that are classified as Category A or B type as per India's EIA Notification, 2006...."
Indospace Logistics Parks III LP (the “fund” or “ILP III”) a US$580 million 2018 vintage fund for developing logistics and industrial parks across India. The fund is managed by Indospace Capital Asia Pte Limited and its Indian affiliate Indospace Capital Advisors Private Ltd., together referred to as “Indospace” or the “company”.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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IndoSpace Capital Asia Pte. Limited.
163 Penang Road, #08-01 Winsland House II, Singapore
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