International Finance Corporation, the private sector arm of the World Bank Group, will provide a $11 million equity to Suguna Poultry Farms Limited. Suguna Poultry Farms Limited is headquartered in Coimbatore.
IFC’s project with Suguna will help the company expand its breeder farms, hatchery and feed mill capacity as part of its growth strategy. IFC will also support the company in the area of supply chain management as the company seeks to source feed inputs directly from farmers.
Lars Thunell, Executive Vice President of IFC who is on a visit to India from Washington said that “IFC’s investment in Suguna will support the company become internationally competitive and will benefit around 10,500 contract poultry farmers by creating economic opportunities for them.”
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