Original disclosure @ FMO website
Updated in EWS Mar 6, 2020
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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."
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.
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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