In a move aimed at advancing sustainable finance in India, DBS Bank India has extended a ₹670 crore sustainability-linked trade facility to Indorama India Private Limited. The transaction represents the largest sustainability-linked trade facility arranged by the bank in the Indian market.
The facility is structured to incentivise sustainable manufacturing practices in the fertiliser sector by tying trade finance to Indorama India’s progress against agreed environmental metrics. These include reductions in emissions intensity, water usage, and energy consumption, in line with globally recognised Sustainability-Linked Loan Principles.
The financing covers multiple trade instruments, including Letters of Credit, Purchase Invoice Financing, and Buyer’s Credit Import Advance, providing comprehensive working capital support.
Divyesh Dalal, Managing Director and Country Head – Global Transaction Services, Corporate Banking – Financial Institutions and SMEs, DBS Bank India, said, “Responsible banking is central to how we engage with our clients, and sustainability-linked structures allow us to align financing with long-term environmental outcomes. This mandate reflects our ability to deliver complex, cross-border solutions and support clients as they integrate sustainability into their growth plans. We remain committed to advancing sustainable finance in a way that delivers meaningful impact.”
Manish Kumar Agarwal, CFO – Indorama India, added, “The partnership with DBS reflects our commitment to integrating sustainability into our financial strategy and operations. This strengthens our liquidity position and reinforces our dedication to ESG principles, aligning our business growth with responsible practices. It is a testament to the collective efforts of everyone involved in making this possible. We will continue to build on this momentum as we advance our sustainable finance agenda.”
