JICA invests $40m in Aavishkaar Capital’s supply chain fund- Interview of Abhishek Mittal, Partner, GSCSF with Impact Investor, Singapore

The Japan International Cooperation Agency (JICA) has made a $40m ($34m) commitment to Aavishkaar Capital’s Global Supply Chain Support Fund (GSCF), adding to an existing investment by German development bank KfW to bring total commitments to the fund to $95m.

The credit fund, which was established by Mumbai-based Aavishkaar Capital in partnership with KfW in 2022, is targeting a total size of $220m.

The fund manager said it hoped to attract further investment from development finance institutions, pension funds, insurance companies, family offices  and other investors to the blended finance structure, which is designed to generate regular income and high impact at low risk. 

The fund was established to provide credit to private firms operating in international business supply chains in Africa, India and other parts of emerging Asia. Target sectors include agriculture, food processing and manufacturing. 

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