AMSTERDAM – Fashion for Good’s Good Fashion Fund has struck its first deal as it looks to support manufacturers in their transition to more sustainable working environments.
India’s Pratibha Syntex is the beneficiary, and has been granted US$4.5 million to help equip its spinning, processing and garmenting divisions with technologies that will reduce water, energy and chemical usage.
Shreyaskar Chaudhary, managing director at the company, said: “With the capital provided by the Good Fashion Fund, Pratibha Syntex can invest in securing a sustainable future for our processes which will have positive, compounded effects along the value chain.”
