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Key Points

Japan's JICA has committed to investing in the Aavishkaar Group's Global Supply Chain Support Fund. This partnership aims to provide credit to private corporations operating across Africa, India, and emerging Asian markets. The investment focuses on supporting SMEs that create significant social and environmental impact through various supply chains. This collaboration strengthens the longstanding economic cooperation between India and Japan while expanding impact investing across the Global South.

Key Points: JICA Invests in Aavishkaar Fund to Boost Asia Africa Supply Chains

  • JICA announces investment in Aavishkaar Global Supply Chain Support Fund
  • Focus on SMEs with social and environmental impact across emerging markets
  • Supports agriculture, food processing and manufacturing supply chains
  • Builds on decade-long India-Japan economic cooperation tradition
2 min read

JICA announces commitment to India's Aavishkaar Fund to boost investment in Africa and Asia

Japan's JICA partners with Aavishkaar Group to support SMEs and impact investing across Africa and Asia through new supply chain fund commitment.

"We are honoured to invest in the Aavishkaar Fund, with which JICA has a long-standing relationship - Mikio Hataeda, JICA Senior VP"

New Delhi, Aug 22

The Japan International Cooperation Agency (JICA) on Friday announced that it would participate in “Global Supply Chain Support Fund SCSp” (Aavishkaar Fund) to foster impact investing in emerging Africa and Asia.

The fund is being managed by the Aavishkaar Group, a leading impact investment group that is headquartered in Mumbai.

The decision was announced in a speech by Japanese Prime Minister Shigeru Ishiba at the “Economic Partnership in Indian Ocean - Africa Forum”.

Utilising the JICA’s upcoming contribution to the Fund, the Aavishkaar Group, as a fund manager, provides credits to private corporates operating in Africa, India and other parts of emerging Asia, the agency said.

"We are honoured to invest in the Aavishkaar Fund, with which JICA has a long-standing relationship and has achieved significant impact in India," JICA’s Senior Vice President Mikio Hataeda said.

"By investing in the fund and entering a new chapter of collaboration with the Aavishkaar Group, we hope to elevate the well-established India-Japan partnership and further strengthen our commitment to impact investment in Africa and Asia," he added.

These investees are involved in a variety of international business supply chains, including those in agriculture, food processing and manufacturing.

The JICA’s commitment aims to support small and medium-sized enterprises (SMEs) whose businesses have a significant social and environmental impact.

By investing in the Aavishkaar Fund, the Japanese firm will help the Aavishkaar Group expand into the emerging markets of Africa and Asia, after India, thereby contributing to the development of the wider Indian Ocean region and the global supply chain.

"We are honoured to welcome JICA’s strategic investment in our Global Supply Chain Support Fund targeting the global south," Aavishkaar Group Founder and Chairman Vineet Chandra Rai said.

This collaboration builds upon a decade of our relationship and reflects the long-standing tradition of Indo-Japanese economic cooperation, he added.

As the only Japanese governmental organisation responsible for implementing ODA, the JICA was created by a specific law as an administrative organisation under the Japanese government to advance international development cooperation.

- IANS

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Reader Comments

P
Priya S
Hope this investment actually reaches the grassroots level SMEs and doesn't get stuck in bureaucracy. We need more such collaborations that create real impact in agriculture and manufacturing sectors.
A
Aman W
Japan has been a reliable partner for India's development. From bullet trains to now impact investing - this partnership is truly strategic. More power to Indian companies going global!
S
Sarah B
As someone working in development sector, I appreciate that JICA is focusing on social and environmental impact alongside economic growth. This is the kind of responsible investment we need more of.
V
Vikram M
Mumbai-based company managing international funds - shows how far Indian financial expertise has come! Hope this creates more opportunities for Indian professionals in global finance.
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Nikhil C
While this is positive news, I hope the focus remains on sustainable development rather than just profit-making. Africa deserves ethical investment that respects local communities and environment.

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