IFC, the private sector lending arm of the World Bank, will provide $45.8 million to textile manufacturer Soktas India to set up a greenfield manufacturing plant in Kolhapur.The $45.8 million package will include long-term loans to Soktas Turkey and Soktas India, in addition to an equity investment in Soktas India, IFC said in a release.The plant will be used for producing yarn-dyed shirting fabric to serve the expanding markets in India and Southeast Asia.
