Global Supply Chain Support Fund Investment by JICA

Global Supply Chain Support Fund is now receiving a significant boost thanks to the Japan International Cooperation Agency (JICA). The agency has declared an investment of $40 million to advance inclusive and sustainable growth in enterprises across Asia and Africa. This announcement was made during a speech by Japanese Prime Minister Shigeru Ishiba at the ‘Economic Partnership in Indian Ocean – Africa Forum.’

Aavishkaar Capital’s Role in the Fund

The Global Supply Chain Support Fund is being administered by Aavishkaar Capital, a prominent player in the impact investment sector. With JICA’s forthcoming investment, Aavishkaar Capital will extend credit to private businesses operating in Africa, India, and other regions of emerging Asia. These companies are actively engaged in a variety of international supply chains, which include sectors such as agriculture, food processing, and manufacturing.

Supporting SMEs for Social and Environmental Impact

JICA’s investment focuses on empowering small and medium-sized enterprises (SMEs) that generate substantial social and environmental benefits. By backing the Global Supply Chain Support Fund, JICA aims to facilitate Aavishkaar Capital’s expansion into emerging markets across Africa and Asia, extending beyond India. This strategy ultimately contributes to the evolution of the broader Indian Ocean region and enhances the global supply chain.

Investments and Impact of the Fund

The fund specifically targets businesses that are integral to global supply chains and are involved in sectors with a notable climate and social impact. Thus far, the GSC Support Fund has already made eight investments across both Asia and Africa, emphasising a commitment to sustainable development.

About Aavishkaar Capital

Aavishkaar Capital is recognised as an impact fund manager dedicated to enhancing the Global South. The firm invests in key areas such as sustainable agriculture, financial inclusion, and essential services throughout India, Emerging Asia, and Sub-Saharan Africa. With a robust history of raising eight funds, it has effectively delivered commercial returns, managing approximately $550 million in assets.