India: Zenex Improved Animal Health and Welfare Project

Nonsovereign Project | 55240-001

The project is an equity investment in India's second largest animal health company. ADB's investment proceeds will be used by ZAHL for working capital, maintenance capex and research and development purposes, including for new product development.

Project Details

  • Project Officer
    Dora, Tushna

    Request for information
  • Country/Economy
    India
  • Sector
    • Agriculture, natural resources and rural development

Related Projects

Project Name Zenex Improved Animal Health and Welfare Project
Project Number 55240-001
Borrower / Company Zenex Animal Health India Private Limited
Country / Economy India
Location Nation-wide
Type or Modality of Assistance
Equity Ordinary capital resources INR 780.00 million Approved
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Private sector development
Sector / Subsector

Agriculture, natural resources and rural development / Agricultural production
Gender Equity and Mainstreaming Effective gender mainstreaming
Responsible ADB Department
Responsible ADB Division
Responsible ADB Officer Dora, Tushna
Project Sponsor(s)
Description The project is an equity investment in India's second largest animal health company. ADB's investment proceeds will be used by ZAHL for working capital, maintenance capex and research and development purposes, including for new product development.
Objectives and Scope The project will support the enhanced production of quality animal healthcare products, which will help small holder farmers to mitigate disease risk, reduce losses and increase productivity, thereby increasing farmers' incomes. The project will also support increased awareness about antimicrobial resistance, better farm hygiene and biosecurity best practices. The project will also support gender inclusion at corporate and farm level. It is fully aligned with the Government of India goal of boosting agricultural productivity and farmers' incomes.
Linkage to Country/Regional Strategy

The project is consistent with ADB's Strategy 2030 and four of its operational priorities (OP): OP1 by improving the incomes of farmers and improving health outcomes for all; OP2 by promoting gender equality through the action plan; OP5 by providing farmers with quality farm inputs to improve agricultural production, and OP7 by using regional cooperation for cross-border communicable disease prevention and facilitating trade.

The project is also aligned with ADB's Operational Plan for Private Sector Operations, 2019 to 2024, which calls for focusing on and mobilizing funds for providers of agricultural inputs and improving quality standards in upstream sectors and with the country partnership strategy, 2018 to 2022 for India, which supports investments to improve agricultural productivity. The country partnership strategy also states that ADB will focus on the government's priority of doubling farmers incomes, and provide support to intensify and diversify agricultural production. The project also complements other ADB sovereign initiatives, namely: (i) East Asia Regional Departments Long-term Greater Mekong Subregion (GMS) Strategic Framework 2030 and GMS Health Cooperation Strategy 2019 to 2023, (ii) South Asia Regional Departments (SARD) Regional Project Development Support for the South Asia Subregional Economic Cooperation Operational Plan, 2016 to 2025 One Health, (iii) SARDs Scoping Study on One Health.
Safeguard Categories
Environment B
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects The project is classified as category B for environment. The categorization is based on the potential environmental and social impacts of the existing operations of Zydus (being the entity from whom ZAHL acquired the Animal Health Business) and the future animal healthcare business activities to be undertaken by ZAHL.
Involuntary Resettlement The project is classified as category C for involuntary resettlement and indigenous peoples.
Indigenous Peoples The project is classified as category C for indigenous peoples.
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance -
Credit Committee Meeting -
Approval 19 Nov 2021
Last PDS Update 19 Nov 2021

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Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

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Related Publications

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