Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2014-09-04

IFC invests $27.5 million in guar gum firm Lucid Colloids

With this investment, Lucid will be able to source guar from about 40,000 additional farmers a year in the priority state of Rajasthan.

IFC, a member of the World Bank Group, has invested $27.5 million to finance the expansion and backward integration plans of Lucid Colloids and support small farmers in India, boosting their productivity and incomes. 
 
 
The financing comprises compulsorily convertible debentures of $12.5 million and the balance as debt. With this investment, Lucid will be able to source guar from about 40,000 additional farmers a year in the priority state of Rajasthan. 
 
 
Guar gum is a thickening and stabilizing agent used in food products, and for industrial applications. IFC’s investment will support Lucid in expanding capacity by setting up a new guar gum plant in Gujarat, two guar splitting plants in Rajasthan along with a research and development facility aimed at improving crop yield and efficiency of water and other resources.   
 
 
“As we enter the next phase of our growth, IFC’s global expertise in the agribusiness sector will help us become globally competitive, strengthen environmental and social standards, and improve corporate governance practices,” said Uday Merchant, Chairman & Managing Director, Lucid Colloids. “IFC’s long-term financing will enable us to withstand price volatility of guar gum.”
    
 
In fiscal 2013, IFC invested over $4.5 billion across the global agribusiness supply chain—from farm to retail—to help boost production, increase liquidity, improve logistics and distribution, and expand access to credit for small farmers. 
 
 
“Agribusiness is a priority sector for IFC in India,” said Vipul Prakash, Director for Manufacturing, Agribusiness and Services, Asia Pacific, IFC. “By expanding the market for high quality guar, this investment will increase incomes for a large number of guar farmers in India, many of whom are women, particularly in Rajasthan which is a priority state for IFC.” 
 
 
Lucid Colloids is a family-owned company manufacturing guar gum and other hydrocolloids and their derivatives. The company has manufacturing plants at Jodhpur in Rajasthan and Aurangabad in Maharashtra.
Related opportunities
  • About Us: •Sizzle House is the quintessential eatery, located on one..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Fashion accessories - women
    About Us: Malaysia's Leading Chain of Fashion  & Lifestyle concept stores. The..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Mr. Bean's Pizza started its operations in Jaipur in 2013...
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2013
    Investment size Rs. 10lac - 20lac
    Space required 330
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Competitive Exam Coaching Institute
    About Us: Searching for a premium franchise opportunity in booming education..
    Locations looking for expansion Karnataka
    Establishment year 2009
    Franchising Launch Date 2009
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts