Safa Marine Industries Ltd

Asia

Region

0.7

Investment (MNOK)

Exit

Status

Norfund invested in this factory in 2004. Safa Marine Industries manufactures fishery equipment and nets for the local fishing industry. The objective was to obtain working capital in order to fulfil export orders. Norfund has invested a total of NOK 500 000. The loan has not been serviced and legal action has been taken, but the legal prosess is very slow.

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Key information

Sector:
Scalable enterprises
Investment (MNOK):
0.7
Year:
2003
Region:
Asia
Country:
India
Domicile:
India
Instrument:
Loans
Status:
Exit
Mandate:
Development