DBS Bank India has extended its largest sustainability-linked trade facility to date, amounting to ₹670 crore, to Indorama India Private Limited, a wholly owned subsidiary of Indorama Corporation Pte Ltd. The transaction marks the largest sustainability-linked trade facility arranged by the bank in India.
The facility is designed to support sustainable manufacturing practices within eastern India’s fertiliser sector by linking trade finance to defined environmental performance targets. These include reductions in greenhouse gas emissions intensity, water use intensity, and energy intensity. The structure aligns with globally recognised Sustainability-Linked Loan Principles, enabling measurable and verifiable tracking of performance.
The facility comprises Letters of Credit (LC), Purchase Invoice Financing (PIF), and Buyer’s Credit Import Advance (BCIA), supporting Indorama India’s working capital needs related to trade, procurement, and ongoing business 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.”
