DBS Bank India has arranged a ₹670 crore sustainability-linked trade facility for Indorama India Private Limited, its largest sustainability-linked trade financing transaction so far. The facility underscores the bank’s focus on responsible banking and its support for corporates prioritising sustainable growth.
The trade facility links financing to Indorama India’s achievement of specific environmental performance targets related to greenhouse gas emissions, water usage, and energy efficiency. The structure complies with internationally recognised Sustainability-Linked Loan Principles, enabling monitoring of environmental progress.
The facility includes Letters of Credit, Purchase Invoice Financing, and Buyer’s Credit Import Advance, supporting Indorama India’s working capital needs across its trade and procurement operations.
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, said, “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.”
