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Job Creation: Supporting excessive progress MSMEs in the expansion section leads to substantial job creation at a better price than the nationwide common. 2. Job creation: The challenge will lead to increased employment opportunities, and specifically, feminine employment, in Sri Lanka. The undertaking will substitute imports. Deen Brothers Imports (Pvt) Ltd has been appointed because of the southern dealer for Cummins Power Era diesel generators in Sri Lanka. XM-DAC-903-SII-34652 International Finance Company MAS Capital (Personal) Restricted MAS Capital (Pvt) Ltd is a vertically integrated intimate-wear and active-wear manufacturing group headquartered out of Sri Lanka. The proposed project is a new investment for capability expansions, sustainability tasks, and product development at MAS Capital (Pvt) Ltd, MAS Active (Pvt) Ltd, Trischel (Pvt) Ltd, and Textprint Lanka (Pvt) Ltd (collectively the Co-borrowers), and their subsidiaries.

The group’s operations span the complete value chain of the manufacturing course of fabric, elastic, lace, and accessories to the final product. Location of the undertaking and description of site Colombo, Sri Lanka Description of Company and Purpose of Challenge IFC has been invited to take a position up to a 15% fairness stake in a brand new non-public sector business bank in Sri Lanka to be called Deshiya Bank. 3. Demonstration Impact: The undertaking will assist Sri Lanka”s premium apparel sector gamers in E&S compliance, OHS requirements, and power efficiency, thereby setting the business benchmark. 1. Increased forex earnings: The undertaking will help increase the forex earnings of the apparel business. The mission contains a 5-12 months senior loan of US$50 million to Nations Belief Bank PLC (NTB, the Financial institution), a mid-sized non-public industrial financial institution in Sri Lanka, and a present IFC consumer.

The challenge comprises a senior mortgage of US$100 million secured by future international forex flows to Business Bank of Ceylon PLC (CBC, the Bank), the largest non-public business bank in Sri Lanka, and a present IFC shopper. NTB has also been a trade finance shopper since 2007. (i) Entry to finance: An estimated 56,000 MSMEs lack entry to sufficient finance in Sri Lanka, and by this challenge, IFC will not directly fund around 7,000 SMEs. NTB is headquartered in Colombo, with 93 branches spread throughout Sri Lanka. Host country location of environmental documents 1. Telecommunications Regulatory Commission of Sri Lanka No. 276, Elvitigala Mawatha Colombo 8 Sri Lanka 2. The Environmental Authority generator sri lanka Maligawatte New Town Colombo 10 Sri Lanka Date SPI despatched to InfoShop November 30, 1999; this Abstract of Project Info is ready and distributed to the public in advance of consideration of the proposed transaction by the Firm’s Board of Directors.