SAHYADRI FARMERS PRODUCER COMPANY L (FMO-56346)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Mumbai, Pune and Nashik
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Sahyadri Farmers Producer Co. Ltd.
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Mar 6, 2020


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Project Description

According to the bank website, the project objective is "to finance (i) the construction of collection centres for warehousing and transport of produce, (ii) distribution centres with cold storage and a fleet of refrigerated trucks for managing logistics and transport, (iii) the rollout of retail stores in urban areas of Mumbai, Pune and Nashik and (iv) the expansion of the existing production plant."

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors

According to the bank, Sahyadri Farmers Producer Co. Ltd. established in 2011 in Nasik, India, is a farmer owned Farmer Producing Organization ("FPO"). Sahyadri procures, processes and markets fruits & vegetables from its farmer members; approx. 7.000 small and marginal farmers. The Company exports various fresh and processed products, mainly table grapes, to Europe, USA, Middle East and Asia, and sells fruits & vegetables to the domestic market.

Contact Information

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism