Live Breaking News & Updates on Ecember 9 Ani Businesswire India The Good Fashion Fund

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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