IFC to invest $50m in Gujarat Fluorochemicals.

IFC, a global development institution focused on the private sector in emerging markets, agreed to invest $50m in Gujarat Fluorochemicals, an industrial refrigerant manufacturer in India. “This milestone reinforces our vision for a greener future supported by IFC’s global expertise. Their investment is an endorsement of our differentiated model and strengthens our leadership in battery materials,” Vivek Jain, GFL Managing Director.