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Good Fashion Fund's First Investment Demonstrates Impact

Indore (Madhya Pradesh) [India], December 9 (ANI/BusinessWire India): The Good Fashion Fund, the Fashion for Good and Laudes Foundation initiated fund to drive sustainable manufacturing practices, signed its first deal with Indian manufacturer Pratibha Syntex Limited in 2020 for a 4.5 million US dollar, long-term loan. With the final disbursement of the loan made in June of this year, and the first on-site monitoring visit this week, the investment is already showing fruitful results and positive financial, environmental, and social impact in Pratibha's spinning, processing, and garmenting divisions. The USD 4.5 million investment committed by the Good Fashion Fund to Pratibha Syntex is to replace machinery in the spinning, processing, and garmenting divisions, as well as provide new equipment for the expansion of their activities and facilities. "With the capital provided by the Good Fashion Fund, Pratibha Syntex can invest in securing a sustainable future for our processes w ....

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Good fashion fund's US$4.5m investment has financial, eco, social impact

The investment is to replace machinery in various divisions and providing new equipment for the expansion of activities and facilities. ....

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Indore: Class 8 passed man held for preparing renowned company's digital signature

He allegedly transferred certificates worth Rs 1.25 crore to another company ....

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PLI scheme for textiles: 61 firms to invest Rs 19,077 crore in 5 years

A selection committee chaired by Textiles Secretary has approved 61 applicants under the Production Linked Incentive (PLI) scheme for textiles, which is expected to attract Rs 19,077 crore investment and create 240,134 direct employment over the next five years, a top government official said on Thursday. ....

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