The Good Fashion Fund and the Indian Textile Federation (ITF) have signed a Memorandum of Understanding (MoU) to promote sustainability and innovation among ITF members. The Good Fashion Fund was established to encourage the uptake of impactful and disruptive production technologies in the textile and apparel industry. The fund aims to promote the use of safe and recyclable materials, clean and efficient energy, reduction of water use and waste, and the creation of better working conditions and fair jobs for workers. The MoU was signed during an ITF interactive session, with 50 textile entrepreneurs participating. The initiative will help manufacturers explore new sustainability and cost initiatives and get meaningful inputs on industry best practices.
The Good Fashion Fund and Indian Textile Federation (ITF) have signed a Memorandum of Understanding (MoU) to promote sustainability and innovation among ITF members. The Good Fashion Fund, a Laudes Foundation and Fashion for Good initiative, aims to create systemic change in the textile and apparel industry by encouraging the mainstream uptake of impactful and disruptive production technologies. The fund encourages the use of safe and recyclable materials, clean and efficient energy, reduction of water use and waste, and the creation of better working conditions and fair jobs for workers.
The MoU was signed during an interactive session organised by the ITF, which saw 50 textile entrepreneurs participate. Bob Assenberg, Fund Director of the Good Fashion Fund, addressed the session and explained the opportunities in investing in sustainability, while Srihari Balakrishnan, MD of Sri Kannapiran Mills, shared his experience of making sustainable products with a long-term vision and a clear focus on branding and marketing. Prabhu Dhamodharan, Convenor ITF, said that an initiative like this will help manufacturers to explore new sustainability and cost initiatives, and get meaningful inputs through partnership with Good Fashion Fund on best practices in the industry.
The MoU between Good Fashion Fund and ITF is a significant step towards promoting sustainable practices in the textile and apparel industry. The fashion industry is one of the largest polluters globally, and the need for sustainable practices has never been more critical. The Good Fashion Fund aims to create a better and more sustainable fashion industry by investing in innovative and disruptive technologies that reduce environmental impact, promote better working conditions, and create fair jobs for workers.
The Good Fashion Fund is a unique initiative that aims to create systemic change in the textile and apparel industry. The fund provides financial support to companies that are developing innovative and sustainable solutions for the industry. The fund also provides technical assistance, mentoring, and networking opportunities to companies, which helps them to scale their businesses and impact.
The ITF is a non-profit organisation that represents the interests of the textile and apparel industry in India. The ITF has been working to promote sustainable practices in the industry and has been actively involved in various initiatives that aim to reduce the environmental impact of the industry. The MoU between Good Fashion Fund and ITF is a significant step towards promoting sustainable practices in the textile and apparel industry in India.
The fashion industry is one of the largest polluters globally, and the need for sustainable practices has never been more critical. The Good Fashion Fund and ITF partnership is a significant step towards promoting sustainability and innovation in the industry. The fund provides financial support, technical assistance, and mentoring to companies that are developing innovative and sustainable solutions for the industry. The partnership between Good Fashion Fund and ITF will help to create a better and more sustainable fashion industry in India.
To put the finishing touches on, the MoU between Good Fashion Fund and ITF is a significant step towards promoting sustainability and innovation in the textile and apparel industry in India. The partnership will help to create a better and more sustainable fashion industry by investing in innovative and disruptive technologies that reduce environmental impact, promote better working conditions, and create fair jobs for workers. The fashion industry needs to embrace sustainable practices, and the Good Fashion Fund and ITF partnership is a significant step towards achieving this goal.
