IFC may invest up to $30 mn in Camlin Fine Sciences facility in Dahej SEZ

The project would help Camlin innovate new product formulations

International Finance Corporation (IFC) has proposed an investment of around $30 million in Camlin Fine Sciences Limited (Camlin). The speciality chemical company would use the money to fund its proposed investment in Gujarat.

IFC seeks to partly finance the company's capital expenditure plan through a mix of long-term foreign currency senior debt and a quasi-equity instrument. This kind of structure is not easily available from local banks at reasonable terms, especially without adequate fixed asset security cover, said the World Bank's investment arm. 

IFC's global agribusiness clients are potential clients of Camlin.

The project is proposed to be located in