International Finance Corporation (IFC) plans to make an equity investment of $23 million (Rs 158 crore) in Srinivasa Farms Pvt. Ltd to help the Hyderabad-based poultry company expand its operations.
The fresh capital will help Srinivasa expand its layer, broiler and breeding operations by setting up additional farms and hatcheries.
It will also help the company expand its feed mills and add soya refineries, set up a food park and establish chicken and egg processing businesses.
According to IFC, Srinivasa’s total expansion project cost is estimated at $83 million and is likely to create over 5,000 jobs.