INDIA – IFC LOAN
June 1st, 2003
BY KEITH NUTHALLTHE INTERNATIONAL Finance Corporation of the World Bank is lending US$17.5 million in INDRupees to Indian textile company Alok Industries Ltd, allowing the Mumbai (Bombay)-based company to expand and modernise its facilities and meet growing demand from domestic and international customers.This loan is funding part of a US$86.9 million project to boost efficiencies and upgrade environmental and social standards across Alok's texturizing, weaving, knitting, processing, garmenting, and home textile operations.The company will use the IFC loan to ...
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