Olam II (IFC-601794)

  • India
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Apr 26, 2017
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Loan Amount (USD)
$ 0.75 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 4, 2018

Disclosed by Bank Dec 15, 2017

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
This is a follow-on advisory project with IFC client Olam which builds on the lessons, experience and results from the previous rounds of IFC advisory engagements with the client in supporting smallholders to improve livelihood by enhancing yields and incomes.There are two focus areas of the project under IFC-Olam Phase II which are described below: A. Farmer Support for Climate Smart Agriculture To develop a climate smart sustainable sugarcane value chain in catchment areas marred by erratic rainfall , drought or flood like conditions affecting overall yields , farmers’ income and business return i) Design of area specific climate smart package of agronomy practices ii) Facilitate introduction of new technologies and business models to increase climate resilience B. Support for Improvements in farmer loyalty To address the challenge of fluctuating sourcing due to lack of smallholder farmer loyalty , support to strengthen the farmer-corporate engagement, to increase goodwill amongst smallholder farmers in sugar catchment/sourcing areas
People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.
The Project will have a 36 month implementation period (till June 2020) across both mills of Olam, Barwani (Madhya Pradesh) and Rajgoli (Maharashtra). The expected impact under each project component is mentioned below : A. Farmer support for Climate Smart Agriculture 1. At least one or more climate smart practices and / or technology will be adopted on at least 10,000 Ha of land 2. 20 Billion litres of water use avoided due to climate smart agricultural practices B.Improvements in farmer loyalty for stable and consistent sugarcane supply: 1. 20 per cent increase in smallholder farmers who have consistently supplied sugarcane to the client 2. 80 -100 per cent of all marketable sugarcane produced in the catchment be supplied to the client under reasonable circumstances
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Olam International Ltd Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

How it works

How it works