T&A advised the United States International Development Finance Corporation in relation to its ECB loan of upto USD 30 million to Dalmia Polypro Industries Privates Limited (“Borrower”).

The loan will be used by the Borrower towards the design, development, construction and commercial operation of a new plastic waste recycling facility of the Borrower located in Nashik aimed at food packaging and all associated facilities, with an aggregate capacity of up to 171,000 metric tons per annum. The loan is expected to have a positive development impact in India by expanding plastic waste recycling capacity while creating jobs and providing economic opportunities for informal workers and small and medium enterprises (SMEs) in the plastics recycling supply chain.

TT&A Team: Gautam Saha – Joint Managing Partner;  Pallavi Meena – Partner; Siddharth Tandon – Managing Associate and Farhan Umar, Shubham Gupta & Karn Taneja – Associates